Listed below are several transactions that took place during the second and third years of operations for RPG Company Year 2 Year 3 $280,000 $380,000 190,000 330,000 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 Travel and entertainment Advertising 73,000 133,000 153, 000 33,000 28,000 23,000 11,500 In addition, you learn that the company incurred advertising costs of $18,000 in year 2, owed the advertising agency $4,300 at the end of year 1, and there were no liabilities at the end of year 3. Also, there were no anticipated bad debts on receivables, and the rent 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 balance sheet at the end of year2