The Dubious Company operates in an industry where all sales are made on account. The...
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Accounting
The Dubious Company operates in an industry where all sales are made on account. The company has expenenced bad debt losses of 1.60% of credit sales in prior periods. Presen forecast of sales and expenses over the next three years ted below is the company's Year 1Year 2Year 3 Sales Revenue 371,000 377000 376,000 Unknown Unknown Unknown 334,750 Bad Debt Expense Other Expenses335000 333000 34750 Net Income Unknown UnknownUnknown Required: a. Calculate Bad Debt Expense and net income for each of the three years, assuming uncollectible accounts are estimated as 1 60% of sales Year 1 Year 2 Year Bad Debt Expense Net Income
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