The Dubious Company operates in an industry where all sales are made on account. The company has experienced bad debt losses of 1.10% 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 $ 378,000 $384,000 383,000 Bad Debt Other Expenses Net Income Unknown 330,000 Unknown Unknown 336,000 Unknown Unknown 333,750 Unknown Expense Required: a. Calculate Bad Debt Expense and net income for each of the three years, assuming uncollectible accounts are estimated as 1.10% of sales Year 1 Year 2 Year 3 Bad Debt Expense Net Income , Assume that the company changes its estimate of uncollectible credit sales to 1.10% in year 1, 2.10% in year 2 and 1.60% 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 3 Bad Debt Expense Net Income