Exercise 10-6A (Algo) Two accounting cycles for bonds issued at face value LO 10-3 [The following...

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Exercise 10-6A (Algo) Two accounting cycles for bonds issued at face value LO 10-3 [The following information applies to the questions displayed below.] Doyle Company issued $300,000 of 10-year, 8 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 immediately invested the proceeds from the bond issue in land. The land was leased for an annual $51,000 of cash revenue, which was collected on December 31 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. Req B Income Req B Req B Statement of Balance Statement Sheet Cash Flows Prepare the income statement for Year 2 and Year 3. DOYLE COMPANY Income Statements For the Year Ended December 31 Year 2 Year 3 < Req B Income Statement Req B Balance Sheet > Req B Income Statement Req B Balance Sheet Req B Statement of Cash Flows Prepare the balance sheet for Year 2 and Year 3. DOYLE COMPANY Balance Sheet As of December 31 Assets Year 2 Year 3 Total assets S 0 S 0 Liabilities Total liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity $ 0 0 0 0 0 $ 0 Req B Income Statement Req B Balance Sheet Req B Statement of Cash Flows Prepare the statement of cash flows for Year 2 and Year 3. Note: Amounts to be deducted and cash outflows should be indicated with minus sign. DOYLE COMPANY Statement of Cash Flows For the Year Ended December 31 Cash flows from operating activities Year 2 Year 3 Net cash flow from operating activities 0 0 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 0 0 0 0 0 $ 0 S 0 Exercise 10-6A (Algo) Two accounting cycles for bonds issued at face value LO 10-3 [The following information applies to the questions displayed below.] Doyle Company issued $300,000 of 10-year, 8 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 immediately invested the proceeds from the bond issue in land. The land was leased for an annual $51,000 of cash revenue, which was collected on December 31 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. Req B Income Req B Req B Statement of Balance Statement Sheet Cash Flows Prepare the income statement for Year 2 and Year 3. DOYLE COMPANY Income Statements For the Year Ended December 31 Year 2 Year 3 < Req B Income Statement Req B Balance Sheet > Req B Income Statement Req B Balance Sheet Req B Statement of Cash Flows Prepare the balance sheet for Year 2 and Year 3. DOYLE COMPANY Balance Sheet As of December 31 Assets Year 2 Year 3 Total assets S 0 S 0 Liabilities Total liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity $ 0 0 0 0 0 $ 0 Req B Income Statement Req B Balance Sheet Req B Statement of Cash Flows Prepare the statement of cash flows for Year 2 and Year 3. Note: Amounts to be deducted and cash outflows should be indicated with minus sign. DOYLE COMPANY Statement of Cash Flows For the Year Ended December 31 Cash flows from operating activities Year 2 Year 3 Net cash flow from operating activities 0 0 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 0 0 0 0 0 $ 0 S 0