On January $1,$ Year $1,$ Bell Corporation issued $$180,000$ of $10-$year, $6$ percent bonds at their face amount. Interest is payable on December $31$ of each year with the first payment due December $31,$ Year $1.$

Required:

Show the effects of these bonds on the accounting equation for Year $1$ and Year $2.$

Note: Negative amounts should be indicated by a minus sign.

$\backslash$table$[[$BELL CORPORATION$],[$Effect of Events on the Accounting Equation$],[$Year $1$ and Year $2],[$Event$,$Assets,$=,$Liabilities,$+,$Stockholders' Equity$],[$Cash$,,$Bonds Payable,,Retained Earnings$],[$Year $1\text{'}],[\frac{1}{1},*,,=,-,+,],[\frac{12}{31},,=,,+,],[$Year $2],[\frac{12}{31},,=,,+,]]$