Oz Company was started when it issued bonds with a $380,000 face value on January 1, Year 1 . The bonds were issued for cash at 97 . Oz uses the straight-line method of amortization. They had a 20 -year term to maturity and an 7 percent annual interest rate. interest was payable on December 31 of each year. Oz Company immediately purchased land with the proceeds (cash received) from the bond issue. Oz leased the land for $33,250 cash per year. On January 1 , Year 4 . the company sold the land for $369,600 cash. Immediatefy after the sale of the land, Oz redeemed the bonds at 98 . Assume that no other accounting events occurred during Year 4. Required Prepare an income statement, statement of changes in equity, balance sheet, and statement of cash flows for the Year 1 , Year 2 , Year 3 . and Year 4 accounting periods. Assume that the company closes its books on December 31 of each year. Prepare the statements using a vertical statements format. (Hint: Record each year's transactions in T-accounts prior to preparing the financial statements.) Complete this question by entering your answers in the tabs below. Assume that the company closes its books on December 31 of each year, Prepare an income statement for the Year 1 , Year 2. Year 3, and Year 4 accounting periods. (Enter amounts to be deducted with a minus signi) Assume that the company closes its books on December 31 of each year. Prepare a statement of c Year 1, Year 2, Year 3, and Year 4 accounting periods. (Enter amounts to be deducted with a minus Assume that the company closes its books on December 31 of each year. Prepare a balance sheet for the 3, and Year 4 accounting periods. (Enter amounts to be deducted with a minus sign.) ASsume that the company closes its books on December 31 of each year. Prepare a statement of cash flows for the Year Year 2, Year 3 , and Year 4 accounting periods. (Enter amounts in ha dad.Wrepare