Required Information The following information applies to the questions displayed below) On January 1, 2018. Brown Co. borrowed cash from First Bank by issuing a $80.000 face value, four-year term note that had an 8 percent annual interest rate. The note is to be repaid by making annual cash payments of $24,154 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 $44.000 cash per year. each year. Brown used in annual cash paym es of $44.000 cash - Prepare an income statement, a balance sheet, and a statement of cash flows for each of the four years. Complete this question by entering your answers in the tabs below. Reg C Inc Stmt Reac BaBe CC Sort Sheet Prepare the balance sheet for each of the four year Round your answers to the nearest whole dollar amount BROWN CO Balance Sheet As of December 31 2019 2020 2021 Prepare the balance sheet for each of the four years. (Round your answers to the nearest whole dolla BROWN CO. Balance Sheet As of December 31 2018 2019 2020 2021 Assets Total assets S0 S 000 Liabilities 01 Total liabilities Stockholders' Equity Total stockholders equity Total abilities and stockholders' wity s 0S 0S 0S 0 BROWN CO. Statement of Cash Flows For the Year Ended December 31 2018 2019 Cash flows from operating activities Outflow for interest s (6.400) S (4.980) Inflow from rental 44,000 44,000 2020 2021 (3,446) 44,000 (1.789) 44.000 37,800 30,020 40,554 42.211 Net cash flow from operating activities Cash flows from investing activities Outflow to purchase land (80.000) 00 00 00 (80.000) Net cash flows from investing activities Cash flows from financing activities Infow from loan Outflow to repay loan 80.000 (17.754) (10.174) 20.708) (22.364) Net cash fows from finanong activities Net change in cash Plus: Beginning cash balance Ending cash and 82.248 19.346 0 $19 348 10.174) 19.348 8 2.784 83 5109.810 20.708) 19.346 82.784 3 102.810 22 384) 19.847 81.00283 1 01749