HIHIYUWUHTUMI YUSUIS WOpuyeu CIVI Doyle Company issued $247,000 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 $66,000 of cash revenue, which was collected on December 31 of each year, beginning December 31, Year 1. b. Prepare the income statement, balance sheet, and statement of cash flows for Year 1 and Year 2. Complete this question by entering your answers in the tabs below. Req B1 Reg B2 Reg 83 Prepare the income statement for Year 1 and Year 2. (Amounts to be deducted and net loss amount should be indicated with minus sign.) DOYLE COMPANY Income Statements For the Year Ended December 31 Year 1 Year 2 Ron Req B2 > BE Req B1 Req B2 Reg B3 Prepare the balance sheet for Year 1 and Year 2. DOYLE COMPANY Balance Sheets For the Year Ended December 31 Year 1 Year 2 Assets Total assets Liabilities Stockholder's equity Total stockholder's equity Total liabilities and stockholders' equity Req B1 Reg B2 Req B3 Prepare the statement of cash flows for Year 1 and Year 2. (Cash outflows should be indicated with a minus sign.) DOYLE COMPANY Statements of Cash Flows For the Year Ended December 31 Year 1 Year 2 Cash flows from operating activities: Net cash flow from operating activities Cash flows from investing activities: Cash flows from financing activities. Net change in cash Ending cash balance