The Dubious Company operates in an industry where all sales are made on account. The company has experienced bad debrisses of 190% of credit sales in pror periods Presented below is the company's forecast of sales and expenses over the next three years Year $ 376,000 Unknown Sales Revenue Bad Deot Expense Other Expenses Net Income Year 1 5 371,000 Unknown 399.000 Unknown Year 2 $ 397, eee Unknown 342,009 Unknown Unknown Required: a. Calculate Bad Debt Expense and net income for each of the three years, assuming uncollectible accounts are estimated as 190% of sales b. Assume that the company changes its estimate of uncollectible credit sales to 190 Year 1.290% in Year 2 ond 2.40% 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 A Required B Calculate Bad Debt Expense and net income for each of the three years, assuming uncollectible accounts are estimated as 1.909 of sales. Complete this question by entering your answers in the tabs below. Required A Required B Calculate Bad Debt Expense and net income for each of the three years, ass 1.90% of sales. Year 1 Year 2 Year 3 Bad Debt Expense Net Income Required Required A Required B Assume that the company changes its estimate of uncollectible credit sales to 1.90% in Year 1, 2.90% in Year 2 and 2.40% in Year 3. Calculate the Bad Debt Expense and net income for each of the three years under this alternative scenario. Year 1 Year 2 Year 3 Bad Debt Expense Net Income