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 $117,000 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 $35,325 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 $69,000 cash per year ed 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.) rences BROWN COMPANY Amortization Schedule 5117.000, 4-Year Tere Note, % Interest Rate Principal Balance Cash Payment Applied to Applied to December 31 on January 1 Interest Principal Year Principal Balance End of Period Year 1 Year 2 Year Year 4