2 Doyle Company issued $500,000 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 $50,500 of cash revenue, which was collected on December 31 of each year, beginning December 31, Year 2 Exercise 10-6A Part a 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 column may require an input-leave cells blank if there is no corresponding input needed.) 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" column may require an Input - leave cells blank if there is no corresponding Input needed.) DOYLE COMPANY Effect of Events on the Accounting Equation Year 2 and Year 3 Assets Liabilities Stockholders Equity Land Bands Retained Payable Earnings Event Accounts Titles for Retained Earnings Cash Year 2 1/1 111 . - 12/31 12/31 Bal Year 3 Beg ball 12/31 12/31 End bal