Oz Company was started when it issued bonds with a $$240,000$ face value on January $1,$ Year $1.$ The bonds were issued for cash at $97.$ Oz uses the straight$-$line method of amortization. They had a $20-$year term to maturity and an $7$ percent annual interest rate. Interest was payable on December $31$ of each year. Oz Company immediately purchased land with the proceeds $($cash received$)$ from the bond issue. Oz leased the land for $$21,000$ cash per year. On January $1,$ Year $4,$ the company sold the land for $$233,800$ cash. Immediately after the sale of the land, Oz redeemed the bonds at $98.$ Assume that no other accounting events occurred during Year $4.$

Assume that the company closes its books on December $31$ of each year. Prepare an income statement for the Year $1,$ Year $2,$ Year $3,$ and Year $4$ accounting periods.

Assume that the company closes its books on December $31$ of each year. Prepare a statement of changes in equity for the Year $1,$ Year $2,$ Year $3,$ and Year $4$ accounting periods.

Assume that the company closes its books on December $31$ of each year. Prepare a$$balance sheet for the Year $1,$ Year $2,$ Year $3,$ and Year $4$ accounting periods.

Note: Enter amounts to be deducted with a minus sign.

Assume that the company closes its books on December $31$ of each year. Prepare a$$statement of cash flows for the Year $1,$ Year $2,$ Year $3,$ and Year $4$ accounting periods.

Note: Enter cash outflows with a minus sign.