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Please check my answer for this first chart! (Each cell is an input) Req B Inc Req B Bal Req B Stmt Stmt Sheet Cash

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Please check my answer for this first chart! (Each cell is an input)

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Req B Inc Req B Bal Req B Stmt Stmt Sheet Cash Flows Prepare the statement of cash flows for Year 2 and Year 3. (Amounts to be deducted should be indicated with a minus sign.) DOYLE COMPANY Statement of Cash Flows For the Year Ended December 31 Year 2 Year 3 Cash flows from operating activities Net cash flow from operating activities 0 Cash flows from investing activities Paid to purchase land (310,000) Net cash flows from investing activities (310,000) 0 Cash flows from financing activities Proceeds from bond issue 310,000 Net cash flows from financing activities 310,000 Net change in cash 0 Plus: Beginning cash balance 35,000 Ending cash balance $ 0 $ 35,000Required 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 $310,000 of 10-year, 5 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 $50,500 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. Complete this question by entering your answers in the tabs below. Req B Inc Req B Bal Req B Stmt Stmt Sheet 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 $ 60,500 $ 50,500 Interest expense 15,500 15,500 Net income $ 35,000 $ 35,000

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