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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 10% discount to students and faculty at educational institutions. Consider the following transactions during the month of June.

June		10		Rashids hard drive crashes and he sends it to DRS.
June		12		After initial evaluation, DRS e-mails Rashid to let him know that full data recovery will cost $2,100.
June		13		Rashid informs DRS that he would like them to recover the data and that he is a student at UCLA, qualifying him for a 10% educational discount and reducing the cost by $210 ( = $2,100 10%).
June		16		DRS performs the work and claims to be successful in recovering all data. DRS asks Rashid to pay within 30 days of todays date, offering a 2% discount for payment within 10 days.
June		19		When Rashid receives the hard drive, he notices that DRS did not successfully recover all data. Approximately 30% of the data has not been recovered and he informs DRS.
June		20		DRS reduces the amount Rashid owes by 30%.
June		30		Rashid pays the amount owed.

2. Show how net revenues would be presented in the income statement.

DATA RECOVERY SERVICES
Partial Income Statement
Total service revenues
Net service revenues