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Problem $10-26$A $($Algo$)$ Effect of an installment note on financlal statements LO $10-1$

$[$The following informotion opplies to the questions displayed below.$]$

On Jonuary $1,$ Year $1,$ Brown Company borrowed cash from First Bank by issuing a $\backslash (\backslash$$ $115,000\backslash )$ face$-$value, four$-$year term note that had an $8$ percent annual interest rate. The note is to be repaid by making annual cash payments of $\backslash (\backslash$$ $34,721\backslash )$ 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 $\backslash (\backslash$$ $67,000\backslash )$ cash per year.

Problem $10-26$A $($Algo$)$ Part b

b$.$ Prepare an income statement, balance sheet, and statement of cash flows for each of the four years. Rent revenue is collected in cash ot the end of each year. $($Hint: Record the transactions for each year in T$-$accounts before preparing the financial statements.$)$

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Req B$2$

Prepare a statement of cash flows for each of the four years. $($Round your intermediate calculations and final answers to the nearest dollar amounts. Enter cash outflows with a minus sign.$)$

BROWN COMPANY Balance Sheete A$8$ of December $31$ Year $1$ Year $2$ Year $3$ Year $4$ Asesta Cash $(532,2790$ $ $64,5580$ $ $96,8370$ s $129,116$ Land $-115,000115,0000115,0000115,000$ Total assets $147,279$ $ $179,558$ $ $211,837$ S $244,116$ Llabilities Notes payable $(589,479>$ $ $61,916$ $ $32,1490$ s $00$ Stockhalders' equity Retained earnings $(57,800>117,642>179,689*244,117*$ Total liabilities and stock $147,279$ $ $179,558$ $ $211,837$ s $244,117$

BROWN COMPANY Income statements For the Year Ended December $31$ Year $1$ Year $2$ Year $3$ Year $4$ Rent revenue $($ $ $67,0000$ S $67,000$ $ $67,000$ S $67,000$ Interest expense $(9,2007,15804,953>2,572$ $$57,800$ $ $59,842$ $$662,047$ $ $64,428$

I JUST NEED HELP WITH THE STATEMENT OF CASH FLOWS