Trevorson Electronics is a small company privately owned by Jon Trevorson, an electrician who installs wiring in new homes. Because the company's financial statements are prepared only for tax purposes, Jon uses the direct write-off method. During 2018, its first year of operations, Trevorson Electronics sold $30,400 of services on account. The company collected $26,200 of these receivables during the year, and Jon believed that the remaining $4,200 was fully collectible. In 2019, Jon discovered that none of the $4,200 would be collected, so he wrote off the entire amount. To make matters worse, Jon sold only $5,300 of services during the year. Required: 1. Prepare journal entries to record the transactions in 2018 and 2019. 2-a. Using only the information provided (ignore other operating expenses), prepare comparative income statements for 2018 and 2019. 2-b. Was 2018 really as profitable as indicated by its income statement? 2-c. Was 2019 quite as bad as indicated by its income statement? Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Reg 20 Prepare journal entries to record the transactions in 2018 and 2019. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the service revenue of $30,400 sold on account in 2018. Req 1 Req 2A Req 2B Req 2c Using only the information provided (ignore other operating expenses), prepare comparative income statements for 2018 and 2019. TREVORSON ELECTRONICS Income Statement For the Years Ended December 31 2018 2019 Operating Expenses: Was 2018 really as profitable as indicated by its income statement? Was 2018 really as profitable as indicated by its income statement? Was 2019 quite as bad as indicated by its income statement? Was 2019 quite as bad as indicated by its income statement