Required information The following information applies to the questions displayed below) Doyle Company issued $286,000 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 $43,500 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. (Amounts to be deducted and net loss amount should be indicated with minus sign.) DOYLE COMPANY Income Statements For the Your Ended December 31 Year 1 Year 2 DOYLE COMPANY Balance Sheets For the Year Ended December 31 Year 1 Asts Year 2 hapter 10 Homework 3 2012 DOTE COMPANY For Tee December Year 2 Aant) Totalanes Stoholders Touther's Total and stockholders DOYLE COMPANY 5 2012 Total stockholders equity Total lob and stockholders' equily DOYLE COMPANY Statements of Cash Flows For the Year Ended December 31 Yeart Cashflows from operating activities Year 2 enes Net cash flow from operating act Cash flows from investing activities Cash flows from financing activities Net change in cash Ending cash balance 10 ch