TB Problem 8-215 (Algo) The Dubious Company operates in an industry... The Dubious Company operates in an industry where all sales are made on account. The company has experienced bad debt losses of 160% of credit sales in prior periods. Presented below is the compariy's forecast of sales and expenses over the next three years. Required: a. Caiculate Bad Debt Expense and net income for each of the three years, assuming uncollectible accounts are estimated as 160$ of sales. b. Assume that the company changes its estimate of uncollectible credit sales to 1.60% in Year 1,2.60% in Year 2 and 2.10% 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. Calculate Bad Debt Expense and net incorne for each of the three years, assuming uncollectible accounts are estimated as 1.60% of soles