Data Recovery Services (DRS) specializes in data recovery from crashed hard drives. The price charged varies based on the extent of damage and the amount of data being recovered. DRS offers a 20% discount to students and faculty at educational institutions. Consider the following transactions during the month of June. June 1e Rashid's hand drive crashes and he sends it to ons. June 12 After Initial evaluation, OPS e-mails Rashid to let him know that full data recovery will cost $1,500. 3une 13 Rashid inforns DRS that he would like then to recover the data and that he is a student at UCLA, qualifying hin for a 285 educational discount and reducing the cost by $30e(51,500206). June 16 ogs perforns the work and claies to be successful in recovering all data. Ons asks Rashid to pay within 30 days of today's date, offering a 3 K discount for payment within 10 days. June 19 When Rashid receives the hard drive, he notices that DRS did not successfully recover all data. Approxicately 25$ of the data has not been recovered and he inforns ons. June 20 bits reduces the amount Rashid owes by 25%. June 30 liashid pays the arount oved. Required: 1. Record the necessary transaction(s) for Data Recovery Services on each date. 2. Show how net revenues would be presented in the income statement. 3. Calculate net revenues if Rashid had paid his bill on June 25. Record the necessary transaction(s) for Data Recovery Services on each date. (If no entry is select "No Journal Entry Required" in the first account field. Do not round intermediate calcu \begin{tabular}{|l|} \hline \multicolumn{1}{|c|}{ DATA RECOVERY SERVICES } \\ \hline \multicolumn{1}{|c|}{ Partial Income Statement } \\ \hline Total service revenues \\ \hline Less: Sales allowances \\ \hline Less: Sales discounts \\ \hline Net service revenues \\ \hline \end{tabular}