you learn that a company incurred advertising cost of $35000 in year 2 owed the advertising agency $6000

History Bookmarks Window Help work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indi Listed below are several transactions that took place during the second and third years of operations for RPG Cor Amounts billed to eustomers for services rendered Cash collected Erom credit customers Cash disbursenentsi Payment of rent Year 2 Year 3 360,000 500,000 90,000 40,000 50,000 $450,000 $550,000 salaries paid to employees for services rendered during the year 0.000 Travel and entertainment Advertising 20,000 45,000 In addition, you learn that the company incurred advertising costs of $35,000 in year 2, owed the advertising agency end of year 1, and there were no liabilities at the end of year 3. Also, there were no anticipated bad debts on receivab 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 Answer is not complete. Complete this question by entering your answers in the tabs below Required 1 Required 2