Help Save & Exit Su Saved ter 10 Homework Check my w B Required information Exercise 10-6A Two accounting cycles for bonds issued at face value LO 10-3 of 2 [The following information applies to the questions displayed below Doyle Company issued $400,000 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 $60,000 of cash revenue, which was collected on December 31 of each year, beginning December 31, Year 2 oped Exercise 10-6A Part a cok Required a. Organize the transaction data in accounts under the accounting equation for Year 2 and Year 3. (Enter any decreases to account balances with a minus sign. Not all cells in the "Accounts Titles for Retained Earnings" cplumn may require an input- leave cells blank if there is no corresponding input needed.) rint DOYLE COMPANY Effect of Events on the Accounting Equation Year 2 and Year 3 Stockholders Equity Retained Liabilities Accounts Titles for Retained Earnings Assets Event Bonds Payable Cash Land Earnings Year 2 1/1 4 1/1 12/31 12/31 of 10 Next 3 4 Complete this question by entering your answers in the tabs below. 2 of 2 Req B Inc Stmt Req B Bal Sheet Req B Stmt Cash Flows Prepare the balance sheet for Year 2 and Year 3. pped DOYLE COMPANY Balance Sheet As of December 31 look Year 2 Year 3 Assets rint Total assets Liabilities Total liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity Req B Inc Stmt Req B Stmt Cash Flows 4 Required information art 2 of 2 Req B Inc Stmt Req B Bal Sheet Req B Stmt Cash Flows Prepare the statement of cash flows for Year 2 and Year 3. (Amounts to be deducted should be indicated with a minus sign.) nts DOYLE COMPANY Skipped Statement of Cash Flows For the Year Ended December 31 Year 2 Year 3 Cash flows from operating activities ook Print 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