es Listed below are several transactions that took place during the second and third years of operatio Amounts billed to customers for services rendered. Cash collected from credit customers Cash disbursements: Payment of rent Salaries paid to employees for services rendered during the year. Utilities Advertising Year 2 $ 250,000 160,000 70,000 130,000 20,000 10,000 In addition, you learn that the company incurred advertising costs of $15,000 in year 2, owed the ad of year 1, and there were no liabilities at the end of year 3. Also, there were no anticipated bad debts payment was for a two-year period, year 2 and year 3. Required: 1. Calculate accrual net income for both years. 2. Determine the amount due the advertising agency that would be shown as a liability on RPG's bal Complete this question by entering your answers in the tabs below.