Required Information [The following information applies to the questions displayed below.] On January 1, Year 1, Brown Co. borrowed cash from First Bank by issuing a $100,000 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 $30,192 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 $52,000 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 Cinc Stmt Req C Bal Sheet Reg C Stmt of Cash Flows Prepare the balance sheet for each of the four years. (Round your answers to the nearest whole dollar amount.) BROWN CO. Balance Sheet As of December 31 Year 1 Year 2 Year 3 Year 4 Assets S ols 0 Total assets Liabilities 0 0 0 0 Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity S $