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Required information [ The following information applies to the questions displayed below. ] On January 1 , Year 1 , Brown Co . borrowed cash

Required information
[The following information applies to the questions displayed below.]
On January 1, Year 1, Brown Co. borrowed cash from First Bank by issuing a $69,500 face value, four-year term note that
had an 5 percent annual interest rate. The note is to be repaid by making annual cash payments of $19,600 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 $34,750 cash per year.
Required
a. Prepare an amortization schedule for the four-year period. (Round your answers to the nearest whole dollar amount.)
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