Listed below are several transactions that took place during the second and third years of operations for RPG Company. Year 3 Year 2 Amounts billed to customers for services rendered $440,000 $540,000 490,000 Cash collected from credit customers 350,000 Cash disbursements: Payment of rent Salaries paid to employees for services rendered during the year Travel and entertainment 89,000 169,000 49,000 44,000 149,000 39,000 19,500 Advertising In addition, you learn that the company incurred advertising costs of $34,000 in year 2, owed the advertising agency $5,900 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 year 2 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the amount due the advertising agency that would be shown as a liability on RPG's balance sheet at the end of year 2 Advertising liability at end of Year 2 Required 1 Required 2