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[Whe following intormation applies to the questions displayed below] Doyle Company issued $460,000 of 10...

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[Whe following intormation applies to the questions displayed below] Doyle Company issued $460,000 of 10 -year. 7 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 immedlately invested the proceeds from the bond issue in land. The land was leased for an annual $58,500 of cash revenue, which was collected on December 3 of each year. beginning December 31 , Year 2. Exercise 10-6A (Algo) Part b b. Prepare the income statement, balance sheet, and statement of cash flows for Year 2 and Year 3 . Complete this question by entering your answers in the tabs below. Prepare the income statement for Year 2 and Year 3. Complete this question by entering your answers in the tabs below. Prepare the income statement for Year 2 and Year 3. Prepare the balance sheet for Year 2 and Year 3. Frepare the statement or casn nows ror rear ano rear 3. Note: Amounts to be deducted and cash outflows should be indicated with minus sign

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