Required information [The following information applies to the questions displayed below.] Doyle Company issued $350,000 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 $53,500 of cash revenue, which was collected on December 31 of each year, beginning December 31, Year 2. Required a. Organize the transaction data in accounts under the accounting equation for Year 2 and Year 3. Note: Enter any decreases to account balances with a minus sign. Not all cells in the "Account Titles for Retained Earnings" column may require an input leave cells blank if there is no corresponding input needed. Answer is not complete. DOYLE COMPANY Effect of Events on the Accounting Equation Year 2 and Year 3 Assets Event Cash Landi Liabilities Stockholders' Equity Account Titles for Bonds Retained Retained Earnings Payable Earnings Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate ca Required information DOYLE COMPANY Effect of Events on the Accounting Equation Assets Event Cash Landi Year 2 and Year 3 Liabilities + Bonds Payable + Stockholders' Equity Retained Earnings Account Titles for Retained Earnings Year 2 1/11 500,000 500,000 1/1 500,000+ 500,000 12/31 125,000+ 90,000 12/31 35,000+ Balance 1,160,000 + 500,000 500000 90,000 Year 31 Beginning balance 1,160,000) 500,000 12/31 125,000 12/31 35,000 Ending balance 1,320,000 500000 90,000 + 90,000 + 500,000 500000 180,000