i need help. please tell me what i did incorrect so i csn study for my exam. incorrect is in the color red.

Required Information Exercise 10-6A Two accounting cycles for bonds issued at face value LO 10-3 [The following information applies to the questions displayed below.) Doyle Company issued $350,000 of 10-year, 8 percent bonds on January 1, Year 2. 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 $56,000 of cash revenue, which was collected on December 31 of each year, beginning December 31, Year 2. Exercise 10-6A Part b b. Prepare the income statement, balance sheet, and statement of cash flows for Year 2 and Year 3. Answer is not complete. Complete this question by entering your answers in the tabs below. Reg B Inc Stmt Req B Bal Sheet Req B Stmt Cash Flows Prepare the balance sheet for Year 2 and Year 3. ********** DOYLE COMPANY Balance Sheet b. Prepare the income statement, balance sheet, and statement of cash flows for Yea X Answer is not complete. Complete this question by entering your answers in the tabs below. Reg B Inc Stmt Req B Bal Sheet Req B Stmt Cash Flows Prepare the income statement for Year 2 and Year 3. DOYLE COMPANY Income Statements For the Year Ended December 31 Year 2 Year 3 Lease revenue $ $ 56.00 Interest expense Net income 56,000 (28,000) 28,000 (28,000) 28,000 $ $ Req B Bal Sheet > Required information Req B Inc Stmt Reg B Bal Sheet Req B Stmt Cash Flows Prepare the balance sheet for Year 2 and Year 3. DOYLE COMPANY Balance Sheet As of December 31 Year 2 Year 3 Assets Land $ 3,500,000 28,000 Cash $ 3,500,000 56,000 Total assets $ 3,528,000 $ 3,556,000 Liabilities Retained earnings $ 28,000 X $ 56,000 28,000 56,000 Total liabilities Stockholders' equity Land X 3,500,000 3,500,000 Total stockholders' equity Total liabilities and stockholders' equity 3,500,000 $ 3,528.000 3,500,000 $ 3,556,000