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 $114,000 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 $34,419 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 $66,000 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 $114,000, 4-Year Term Note, 8% Interest Rate Year Balance Cash Payment on January 1 December 31 Applied to Interest Applied to Principal Balance Principal End of Period Year 1 Year 2 Year 3 Year 4