Prepare the income statement for each of the four years. Note: Round your answers to the nearest whole dollar amount. Required information [The following information applies to the questions displayed below] On January 1, Year 1, Brown Company borrowed cash from First Bank by issuing a $78,000 face value, four-year term note that had an 4 percent annual interest rate. The note is to be repaid by making annual cash payments of $21,488 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 $36,660 cash per year. Required o. Prepare an amortization schedule for the four-year period. Note: Round your answers to the nearest whole dollar amount. BROWN COMPANY Balance Sheet As of December 31 Year 1 Year 2 Year 3 Year 4 Assets Total assets $ \begin{tabular}{l|l} 0 & $ \end{tabular} 0 0 Liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline & 0 & & 0 & & 0 & & 0 \\ \hline$ & 0 & $ & 0 & $ & 0 & $ & 0 \\ \hline \end{tabular} BROWN COMPANY Statement of Cash Flows For the Year Ended December 31 Year 1 Year 2 Year 3 Year 4 Cash flows from operating activities \begin{tabular}{|l|l|l|l|l|} \hline & \\ \hline Net cash flow from operating activities & & & & \\ \hline \end{tabular} Cash flows from investing activities Cash flows from financing activities Balance Sheet