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 $112,000 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 $33,815 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 $64,000 cash per year. Required a. Prepare an amortization schedule for the four-year period. (Round intermediate calculations to nearest dollar amount. Round your answers to the nearest dollar amount.) Principal BROWN COMPANY Amortization Schedule $112,000, 4-Year Term Note, 8% Interest Rate Year Balance Cash Payment Applied to December 31 Interest on January 1 Year 1 Year 21 Year 3 Year 4 Applied to Principal Balance Principal End of Period Prepare T-accounts for each of the four years. Rent revenue is collected in cash at the end of each year. intermediate calculations and final answers to the nearest dollar amounts.) Year 1 Ending Balance Year 2 Ending Balance Year 3 Ending Balance Year 4 Ending Balance Cash Year 11 Ending Balance Land Notes Payable Retained Earnings Required information Year 11 Ending Balance Year 2 Notes Payable Retained Earnings Year 11 Ending Balance Year 2 Ending Balance Year 3 Ending Balance Year 3 Ending Balance Year 4 Ending Balance Year 1 Ending Balance Ending Balance Year 4 Ending Balance Rent Revenue Year 1 Ending Balance Interest Expense Required information Ending Balance Year 1 Ending Balance Year 2 Ending Balance Interest Expense Rent Revenue Year 11 Ending Balance Year 21 Ending Balance Year 3 Ending Balance Year 3 Ending Balance Year 4 Ending Balance Year 41 Ending Balance Ending Balance Req B1 Req B2 Req B3 Req B4 Prepare an income statement for each of the four years. (Round your intermediate calculations and final answer nearest dollar amounts.) BROWN COMPANY Income Statements For the Year Ended December 31 Year 1 Year 2 Year 3 Year 4 0 $ 0 $ 0 $ < Req B1 Req B3 > Required information Req B1 Req B2 Req B3 Req B4 Prepare a balance sheet for each of the four years. (Round your intermediate calculations and final answers to the nea amounts.) BROWN COMPANY Balance Sheets As of December 31 Assets Total assets Liabilities Stockholders' equity Total liabilities and stockholders' equity Year 1 Year 2 Year 3 Year 4. $ 0 $ 0 $ 0 $ 0 0 $ 0 $ 9 0 Required information Cash flows from operating activities BROWN COMPANY Statements of Cash Flows For the Year Ended December 31 Year 1 Net cash flow from operating activities Cash flows from investing activities. Year 2 Year 3 Year 4 0 0 0 0 Net cash flow from investing activities 0 0 0 0 Cash flows from financing activities Net cash flow from financing activities Net change in cash Ending cash balance 0 0 $ 0 $ 0 0 $ 0