Doyle Company issued $390,000 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 immediately invested the proceeds from the bond issue in land. The land was leased for an annual $54,000 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 acco balances with a minus sign. Not all cells in the "Accounts Titles for Retained Earnings" column may require an input - leave 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' Event Equity Retained Earnings Accounts Titles for Retained Earnings Cash Bonds Payable Land Year 2 1/1 390,000 = 390,000+ 1/1 = + 12/31 54,000 + + 12/31 + Bal. 444,000 + 0 = 390,000 + Year 3 = + Beg. bal. 12/31 + 12/31 + End. bal. 0 + 0 = 0 + 0