Please answer the following. Thank you!

On January 1, 2018, Brown Co. borrowed cash from First Bank by issuing a $75,500 face value, four-year term note that had an 6 percent annual interest rate. The note is to be repaid by making annual cash payments of $21,789 that include both interest and principal on December 31 of each year. Brown used the proceeds from the loan to purchase land that generated rental revenues of $34,730 cash per year.