[The following information applies to the questions displayed below.] Doyle Company issued $420,000 of 10-year, 8 percent bonds on January 1, 2018. 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 $55,500 of cash revenue, which was collected on December 31 of each year, beginning December 31, 2018 Required a. Organize the transaction data in accounting equation for 2018 and 2019. (Enter any decreases to account balances with a minus sign. If there is no effect on the Accounts Titles for Retained Earnings, leave the cell blank.) DOYLE COMPANY Effect of Events on the Accounting Equation 2018 and 2019 Assets - Liabilities Stockholders' Event Accounts Titles for Retained Earnings Equity Retained Earnings Cash + Bonds Payable Land 2018 1111 12/31 12/31 Bal. 2019 Beg. bal 12/31 12/31 End, bal. Doyle Company issued $420,000 of 10-year, 8 percent bonds on January 1, 2018. 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 $55,500 of cash revenue, which was collected on December 31 of each year, beginning December 31, 2018. b. Prepare the income statement, balance sheet, and statement of cash flows for 2018 and 2019. Complete this question by entering your answers in the tabs below. Req B Inc Stmt Req B Bal Sheet Req B Stmt Cash Flows Prepare the income statement for 2018 and 2019. DOYLE COMPANY Income Statements For the Year Ended December 31 2018 2019 Req Binc Samt Req B Bal Sheet > Doyle Company issued $420,000 of 10-year, 8 percent bonds on January 1, 2018. 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 $55,500 of cash revenue, which was collected on December 31 of each year, beginning December 31, 2018 b. Prepare the income statement, balance sheet, and statement of cash flows for 2018 and 2019. Complete this question by entering your answers in the tabs below. Req B Inc Stmt Reg B Bal Sheet Reg B Stmt Cash Flows Prepare the balance sheet for 2018 and 2019. DOYLE COMPANY Balance Sheet As of December 31 2018 2019 Assets Total assets Liabilities Total liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity ( Req B Inc Stmt ReqB Stm Cash Flows > Doyle Company issued $420,000 of 10-year, 8 percent bonds on January 1, 2018. The bor 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 a annual $55,500 of cash revenue, which was collected on December 31 of each year, beginning December 31, 2018 b. Prepare the income statement, balance sheet, and statement of cash flows for 2018 and 2019, Complete this question by entering your answers in the tabs below. Req B Inc Stmt Reg B Bal Sheet Req B Stmt Cash Flows Prepare the statement of cash flows for 2018 and 2019. (Amounts to be deducted should be indicate DOYLE COMPANY Statement of Cash Flows For the Year Ended December 31 2018 Cash flows from operating activities 2019 Net cash flow from operating activities Cash flows from investing activities Net cash flows from investing activities Cash flows from financing activities Net cash flows from financing activities Net change in cash Ending cash balance