Trevorson Electronics is a small company privately owned by Jon Trevorson, an electrician who installs wiring in new homes. Because the company$$s financial statements are prepared only for tax purposes, Jon uses the direct write$-$off method. During $2021,$ its first year of operations, Trevorson Electronics sold $$28,200$ of services on account. The company collected $$25,100$ of these receivables during the year, and Jon believed that the remaining $$3,100$ was fully collectible. In $2022,$ Jon discovered that none of the $$3,100$ would be collected, so he wrote off the entire amount. To make matters worse, Jon sold only $$5,050$ of services during the year.

Required:

$1.$ Prepare journal entries to record the transactions in $2021$ and $2022.$

$2-$a$.$ Using only the information provided $($ignore other operating expenses$),$ prepare comparative income statements for $2021$ and $2022.$

$2-$b$.$ Was $2021$ really as profitable as indicated by its income statement?

$2-$c$.$ Was $2022$ quite as bad as indicated by its income statement?