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0 4 Required information The following information applies to the questions displayed below Doyle Company...

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Accounting

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0 4 Required information The following information applies to the questions displayed below Doyle Company issued $470,000 of 10-year, 8 percent bonds on January 1, 2018. The bonds were issued at face value. Int erest is payable in cash on December 31 of each year. Doyle immediately invested the proceeds from the bond issue in la nd. The land was leased for an annual $56,000 of cash revenue, which was collected on December 31 of each year, begin ning December 31, 2018 Part 2 of 2 20 points 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 References Req B Inc Req B Bal Req B Stmt Cash Flows Stmt Prepare the balance sheet for 2018 and 2019 DOYLE COMPANY Balance Sheet As of December 31 Assets Cash Land $ 56,000 Total assets S 56,000S Liabilities Bonds payable Total iabiliies Stockholders' equity Retained earnings Total stockholders' equity Total liablities and stockholders equity

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