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 $108,000 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 $31,168 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 $60,000 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.) BROWN COMPANY Amortization Schedule $108,000, 4-Year Term Note, 6% Interest Rate Principal Cash Payment Balance Applied to Applied to December 31 Interest Principal on January 1 Year Principal Balance End of Period Year 1 Year 2 Year 3 Year 4