PU JULJJA70252F% Homework Saved Listed below are several transactions that took place during the second and third years of operations for the Year 2 Year 3 $410,eee $518,eee 320, eee 460, eee 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 86, eee 146,000 36, eee 18,000 @ 166,eee 46, eee 41,800 In addition, you learn that the company incurred advertising costs of $31.000 in year 2, owed the advertising of year 1. and there were no liabilities at the end of year 3. Also, there were no anticipated bad debts on recel 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 shee Complete this question by entering your answers in the tabs below. Required 1 Required 2 UNTIL mework Saved Required 1 Required 2 Calculate accrual net income for both years. Year 2 Year 3 Revenues Expenses: Rent Salaries Utilities Advertising Net income Required 2 > Check my we 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