The Dubious Company operates in an industry where all sales are made on account. The company has experienced bad debt losses of 1.70% of credit sales in prior periods. Presented below is the company's forecast of sales and expenses over the next three years. Year 1 376,000 S 382,000 S 381,000 Unknown Year 2 Year 3 Sales Revenue Bad Debt Other Expenses330,000 Net Income Unknown 337,000 Unknown Unknown 332,750 Unknown Expense Unknown Required: a. Calculate Bad Debt Expense and net income for each of the three years, assuming uncollectible accounts are estimated as 1.70% of sales ear ear ear Bad Debt Expense Net Income C. Assume that the company changes its estimate of uncollectible credit sales to 1 70% in year 1, 2 70% in year 2 and 2 20% in year 3 Calculate the Bad Debt Expense and net income for each ofthe three years under this alternative scenario. Year 1 Year 2 Year 3 Bad Debt Expense Net Income