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 $41,000 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 $11,562 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 $22,140 cash per year. Required a. Prepare an amortization schedule for the four-year period. (Round your answers to the nearest whole dollar amount.) BROWN CO. Amortization Schedule Principal Balance Cash Payments on January 1 December 31 Applied to Interest Applied to Principal Principal Balance End of Period Year Year 1 $ Year 2 Year 3 Year 4 41,000