The Dubious Company operates in an Industry where all sales are made on account. The company has experienced bad debt losses of 1.20% of credit sales in prfor periods. Presented below is the company's forecast of sales and expenses over the next three years. Sales Revenue Bad Debt Expense Other Expenses Not Income Year 1 $375,eee Unknown 334,eee Unknown Year 2 $ 381, Unknown 340,000 Unknown Year 3 180, Unknown 336, 258 Unknown Required: a. Calculate Bad Debt Expense and net income for each of the three years, assuming uncollectible accounts are estimated as 1.20% of b. Assume that the company changes its estimate of uncollectible credit sales to 120% in Year 1 2 20% in Year 2 and 170% in Year 3. Calculate the Bad Debt Expense and net income for each of the three years under this alternative scenario sales Complete this question by entering your answers in the tabs below. Required A Required assuming uncolectible accounts are estimated as Calculate Bad Debt Expense and ret income for each of the three years 1.20% of sales Year To Year 2 Years Bad Debt Expense Net Income Required B > The Dubious Company operates in an Industry where all sales are made on account. The company has experienced bad debt losses of 1.20% 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 $375,000 Unknown 334,00 Unknown $381,600 Unknown 34, Unknow $ 380,eee Unknown 336,75e Unknown Required: a. Calculate Bad Debt Expense and net income for each of the three years, assuming uncollectible accounts are estimated as 120% of sales b. Assume that the company changes its estimate of uncollecuble credit sales to 120% in Year 1.2.20% In Year 2 and 170% 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. Required Read Assume that the company changes it estimate of uncollectible credit sales to 1.20% in Vear 1.2.20% in Year 2 and 1.7046 In veer 3. Calculate the Bad Debt Expense and net income for each of the three years under this alternative Bad Debt Expense Required