9 The Dublous Company operates in an industry where all sales are made on account. The company has experienced bad debt losses of 1.50% of credit sales in prior periods Presented below is the company's forecast of sales and expenses over the next three years. Sales Revenue Bad Debt Expense Other Expenses Net Income Year 1 $ 371,000 Unknown 337.000 Unknown Year 2 Year 3 $ 377,000 $376,000 Unknown Unknown 334,000 332,750 Unknown Unknown Required: .. Calculate Bad Debt Expense and net income for each of the three years, assuming uncollectible accounts are estimated as 1.50% of sales b. Assume that the company changes its estimate of uncollectible credit sales to 1.50% in Year 1, 2.50% in Year 2 and 2.00% in Year 3. Calculate the Bad Debt Expense and net income for each of the three years under this alternative scenario. Complete this question by entering your answers in the tabs below. Required A Required Calculate Bed Debt Expense and net income for each of the three years, assuming uncollectible accounts are estimated as 1.50% of sales Year 1 Year 2 Years Bad Debt Expense Net Income 9 The Dubious Company operates in an industry where all sales are made on account. The company has experienced bad debt losses of 1.50% of credit sales in prior periods Presented below is the company's forecast of sales and expenses over the next three years. Year 1 Year 2 Year 3 Sales Revenue 5 371,400 $ 377,000 $376,000 Bad Debt Expense Unknown Unknown Unknown Other Expenses 337,000 334,000 332,75 Net Incone Unknown Unknown Unknown Required: a. Calculate Bad Debt Expense and net income for each of the three years, assuming uncollectible accounts are estimated as 1.50% of sales b. Assume that the company changes its estimate of uncolectible credit sales to 150% in Year 1, 2.50% in Year 2 and 200% in Year 3. Calculate the Bad Debt Expense and net income for each of the three years under this alternative scenario Complete this question by entering your answers in the tabs below. Required A Required B Assume that the company changes its estimate of uncollectible credit sales to 1.50% In Year 1, 2.50% in Year 2 and 2.00% in Year 3. Calculate the Bad Debt Expense and net income for each of the three years under this alternative scenario. Year 1 Year 2 Year Bad Debt Expense Not Income 10 Grandview, Inc. uses the allowance method. At December 31, 2018, the company's balance sheet reports Accounts Receivable, Net in the amount of $25,500. On January 2, 2019. Grandview writes off a $3.200 customer account balance when becomes clear that the customer will never pay. What is the amount of Accounts Receivable, Net after the write-off? Muhole Choice $3.200 O $25.500 O $28,700 O $22.300