On January 1, 2014, Mixon Co. borrowed cash from First City Bank by issuing a $90,000 face value, three-year term note that had a 7 percent annual interest rate. The note is to be repaid by making annual cash payments of $34,295 that include both interest and principal on December 31 of each year. Mixon used the proceeds from the loan to purchase land that generated rental revenues of $45,000 cash per year.

.	Organize the information in accounts under an accounting equation. (Round your answers to the nearest whole dollar amount. Enter any decreases to account balances with a minus sign. Select "NA" if there is no effect on the "Accounts Titles for Retained Earnings".)

MIXON CO Effect of Events on the Accounting Equation 2014, 2015 and 2016 = Liabilities + Stockholders Equity Assets Accounts Titles for RetainedRetained Earnings Date Notes+ Payable Earnings Cash + Land = 2014 12/31 12/31 Bal 2015 Beg. bal 12/31 12/31 End. bal 2016 Beg. bal 12/31 12/31 End. bal