Required information [The following information applies to the questions displayed below) Doyle Company issued $420,000 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 $59,500 of cash revenue, which was collected on December 31 of each year, beginning December 31, Year 2. 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 Red 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 Hort Ine Sim Req B Bal Sheet > Req 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 As of December 31 Year 2 Year 3 Assets 0 $ 0 Total assets Liabilities 0 0 Total liabilities Stockholders' equity 0 Total stockholders' equity Total liabilities and stockholders' equity o o O o $ 0