The Dubious Company operates in an industry where all sales are made on account. The company has experienced bad debt losses of 1.90% 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 373,000 379,000 378,000 Bad Debt Unknown Unknown Unknown Expense Other Expenses 331,000 336,000 334,750 Net Income Unknown Unknown Unknown Required: a. Calculate Bad Debt Expense and net income for each of the three years, assuming uncollectible accounts are estimated as 1.90% of sales Year 1 Year 3 Year 2 Bad Debt Expense Net Income