Required information [The following information applies to the questions displayed below.) Doyle Company issued $235,000 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 $54,000 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 33 Prepare the balance sheet for Year 1 and Year 2. DOYLE COMPANY Balance Sheets For the Year Ended December 31 Year 1 Assets Year 2 ! Required information For the Year Ended December 31 Year 1 Year 2 Assets Total assets $ 0 $ 0 Liabilities Stockholder's equity S 0 0 Total stockholder's equity Total liabilities and stockholders' equity $ 0 $ 0