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 $63,500 face value, four-year term note that had an 7 percent annual Interest rate. The note is to be repaid by making annual cash payments of $18,747 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 $30,480 cash per year, c. 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 Reg C Bal Sheet ReqC CF Stmt Prepare the income statement for each of the four years. (Round your answers to the nearest whole dollar amount.) BROWN CO. Income Statement For the Year Ended December 31 2016 2010 2020 $ 30,480 30.480 $ 30.480 4,445 $ 26,035 2021 30,480 Rent revenue Interest exponse Not income Raqc Bal Sheet >