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may i ask the price of advertising on 3 year? In addition, you learn that the company incurred advertising costs of $28,000 in year 2

may i ask the price of advertising on 3 year? image text in transcribed
In addition, you learn that the company incurred advertising costs of $28,000 in year 2 , owed the advertising agency $5,300 at 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 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 Complete this question by entering your answers in the tabs below. Calculate accrual net income for both years

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