The Dubious Company operates in an industry where all sales are made on account. The company has experienced bad debt losses of 1.60% of credit sales in prior periods. Presented below is the company's forecast of sales and expenses over the next three years. Sales Revenue $388,000 394,000 393,000 Bad Debt Other Expenses334,000 Net Income Unknown 340.750 Unknown Unknown Unknown 339,000 Expense Required a. Calculate Bad Debt Expense and net income for each of the three years, assuming uncollectible accounts are estimated as 1.60% of sales. Year 1 Year 2 Year 3 Bad Debt Expense Net Income Assume that the company changes its estimate of uncolectible credit sales to 1.00% in year 1, 2.60% n 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. ear 1 Year 2 Year 3 Bad Debt Expense Net Income