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Required information [The following information applies to the questions displayed below) Doyle Company issued $370,000...

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Required information [The following information applies to the questions displayed below) Doyle Company issued $370,000 of 10-year 7 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 $55,000 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 2018 Liabilities Stockholden Equity Bonds Land Retained Payable Earnings Accounts les for Retained aga Cash - 2018 1/1 1/1 12/31 12/31 Bal 2019 Beobal 12/31 12/31 End, bal Complete this question by entering your answers in the tabs below. Req B Inc Stmt Req B Bal Sheet Reg 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 B Bal Sheet >

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