Required information [The following information applies to the questions displayod below] On January 1, Year 1, Brown Company borrowed cash from First Bank by issuing a $62,500 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 $18,870 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 $33,125 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. Prepare the income statement for each of the four years. Note: Round your answers to the nearest whole dollar amount. Prepare the balance sheet for each of the four years. Note: Round your answers to the nearest whole dollar amount. Complete this question by entering your answers in the tabs below. Prepare the income statement for each of the four years. Note: Round your answers to the nearest whole dollar amount