Oz Company was started when it issued bonds with a $110,000 face value on January 1, Year 1. The bonds were issued for cash at 99. Oz uses the straight-line method of amortization. They had a 20-year term to maturity and an 8 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 $11,000 cash per year. On January 1, Year 4, the company sold the land for $109,900 cash. Immediately after the sale of the land, Oz redeemed the bonds at 100. 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.) (Amounts to be deducted should be indicated with a minus sign.) OZ COMPANY Income Statements For the Year Ended December 31 Year 1 Year 2 Year 3 Year 4 $ 0 0 S 0 Non-Operating income/expense Net income(loss) GA 0 $ 0 S 0 $ 0 OZ COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31 Year 1 Year 2 Year 3 Year 4 Common stock Net income(loss) 0 0 0 0 0 0 Total stockholders' equity $ 0 $ S 0 $ OZ COMPANY Balance Sheets As of December 31 Year 1 Year 2 Year 3 Year 4 Assets S 0 $ 0 $ os 0 Total Assets Liabilities 0 0 0 0 Total Liabilities Stockholders' equity Total liabilities and stockholders' equity S 0 $ 0 $ 0 S OZ COMPANY Statements of Cash Flows For the Year Ended December 31 Year 1 Year 2 Year 3 Year 4 Cash flows from operating activities: 0 0 0 Net cash flow from operating activities: Cash flow from investing activities: 0 0 Net cash flow from investing activities Cash flow from financing activities 0 Net cash flow from financing activities Net change in cash Ending cash balance S S 0 $ S 0