Doyle Company issued $$292,000$ of $10-$year, $6$ percent bonds on January $1,$ Year $1.$ The bonds were issued at face value. Interest is payable in cash on December $31$ of each year. Doyle immediately invested the proceeds from the bond issue in land. The land was leased for an annual $$76,000$ of cash revenue, which was collected on December $31$ of each year, beginning December $31,$ Year $1.$Prepare the income statement, balance sheet, and statement of cash flows for Year $1$ and Year $2$