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 $42,500 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 $12,547 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 $20,825 cash per year. b. Organize the information in accounts under an accounting equation. (Round your answers to the nearest whole dollar amount Enter any decreases to account balances with a minus sign. If there is no effect on the Accounts Titles / Retained Earnings, leave the cell blank.) BROWN CO. Effect of Events on the Accounting Equation 2018, 2019, 2020 and 2021 Assets = Liabilities + Stockholders' Event Accounts Titles / Retained Earnings Cash + Land = Equity Retained Earnings Notes Payable * 2018 1/1 + 1/1 + 12/31 + . + 12/31 Bal. 2019 0 . + 0+1 + + + Beg. bal. 12/31 12/31 End. bal. 2020 Beg. bal. 12/31 12/31 End, bal. 2021 Beg. bal. 12/31 12/31 End, bal. + 0 + 0 = + 0 + LUR + + + 0 + + = 0 = + 0 + + 0