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 $105.000 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 $30,302 that include both interest and principal on December 31 of each year. Brown ised the proceeds from the loan to purchase land that generated rental revenues of $57,000 cash per yeat, b. Prepare an income statement and balance sheetfor each of the four years. Rent revenue is collected in cash at the end of each year. (Hint: Record the transactions for each year in T-accounts before preparing the financial statements.) BROWN COMPANY Balance Sheots As of December 31