Listed below are several transactions that took place during the second and third years of operations for the RPG Company Year 2 TELE 3300,000,000 210.000 350.000 onts bales to Custers or services Lendered Cash collected to credit customers Cash disbursets ayant et rent Sorte pale to employees for sences centered during the year Utilities Vertising 75.000 135,000 25,000 12.30 355,000 35.000 In addition, you learn that the company incurred advertising costs of $20,000 in year 2 owed the advertising agency 54 500 at the end of year there were no liabilites at the end of year 3. Also there were no anticipated bad debts on receivables, and the rent payment was for two period year 2 and year 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 RPGs balance sheet at the end of year 2 Complete this question by entering your answers in the tabs below. ured Rewed 2 Cate actual net income for both years Tear Year During the amount due the adming agency that would be shown as a ability on RPG balance sheet at the end of