The Dubious Company operates in an industry where all sales are made on account. The company has experienced bad debt losses of 1.50% of credit sales in prior periods. Presented below is the company's forecast of sales and expenses over the next three years. Sales Revenue Bad Debt Expense Other Expenses Net Income Year 1 $ 376,000 Unknown 336,000 Unknown Required A Required B Required: a. Calculate Bad Debt Expense and net income for each of the three years, assuming uncollectible accounts are estimated as 1.50% of sales. b. Assume that the company changes its estimate of uncollectible credit sales to 1.50% in Year 1, 2.50% in Year 2 and 2.00% in Year 3. Calculate the Bad Debt Expense and net income for each of the three years under this alternative scenario. Year 2 $ 382,000 Unknown 342,000 Unknown Complete this question by entering your answers in the tabs below. Bad Debt Expense Net Income Calculate Bad Debt Expense and net income for each of the three years, assuming uncollectible accounts are estimated as 1.50% of sales. Year 1 Year 3 $ 381,000 Unknown 338,750 Unknown Year 2

The Dubious Company operates in an industry where all sales are made on account. The company has experienced bad debt losses 1.50% of credit sales in prior periods. Presented below is the company's forecast of sales and expenses over the next three years. Required: a. Calculate Bad Debt Expense and net income for each of the three years, assuming uncollectible accounts are estimated as 1.50% of sales. b. Assume that the company changes its estimate of uncollectible credit sales to 1.50\% in Year 1,2.50\% in Year 2 and 2.00% 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 income for each of the three years, assuming uncollectible accounts are estimated as 1.50% of sales. The Dublous Company operates in an industry where all sales are made on account. The company has experienced bad debt losses of 1.50% of credit sales in prior periods. Presented below is the company's forecast of sales and expenses over the next three years. Required: a. Calculate Bad Debt Expense and net income for each of the three years, assuming uncollectible accounts are estimated as 1.50% of sales: b. Assume that the company changes its estimate of uncollectible credit sales to 1.50% in Year 1,2.50\% in Year 2 and 2.00% 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. Assume that the company changes its estimate of uncollectible credit sales to 1.50% in Year 1,2.50% in Year 2 and 2.00% in Year 3. Caiculate the Bad Debt Expense and net income for each of the three years under this alternative scenario