Question: Please help me answer this question! Thank you for all your hard work. I always make sure to upvote correct answers- I really appreciate the

Please help me answer this question! Thank you for all your hard work. I always make sure to upvote correct answers- I really appreciate the work you do.

Please help me answer this question! Thank you for all your hardwork. I always make sure to upvote correct answers- I really appreciatethe work you do. Exercise 10-6A Two accounting cycles for bonds issued

Exercise 10-6A Two accounting cycles for bonds issued at face value LO 10-3 (The following information applies to the questions displayed below.) Doyle Company issued $310,000 of 10-year, 5 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 $50,500 of cash revenue, which was collected on December 31 of each year, beginning December 31, Year 2. Exercise 10-6A 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 Inc Stmt Req B Bal Sheet Req B Stmt 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 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 Inc Stmt Req B Bal Sheet Req B Stmt Cash Flows Prepare the balance sheet for Year 2 and Year 3. DOYLE COMPANY Balance Sheet As of December 31 Year 2 Year 3 Assets Total assets Liabilities Total liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity 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 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.). DOYLE COMPANY Statement of Cash Flows For the Year Ended December 31 Year 2 Cash flows from operating activities Year 3 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

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