Data Recovery Services $($DRS$)$ specializes in data recovery from crashed hard drives. The price charged varies based on the extent of damage and the amount of data being recovered. DRS offers a $20\%$ discount to students and faculty at educational institutions. Consider the following transactions during the month of June.

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June $10$Rashid$$s hard drive crashes and he sends it to DRS$.$June $12$After initial evaluation, DRS e$-$mails Rashid to let him know that full data recovery will cost $$1,200.$June $13$Rashid informs DRS that he would like them to recover the data and that he is a student at UCLA, qualifying him for a $20\%$ educational discount and reducing the cost by $$240(=$ $$1,20020\%).$June $16$DRS performs the work and claims to be successful in recovering all data. DRS asks Rashid to pay within $30$ days of today$$s date, offering a $3\%$ discount for payment within $10$ days.June $19$When Rashid receives the hard drive, he notices that DRS did not successfully recover all data. Approximately $25\%$ of the data has not been recovered and he informs DRS$.$June $20$DRS reduces the amount Rashid owes by $25\%.$June $30$Rashid pays the amount owed.

Required:

$1.$ Record the necessary transaction$($s$)$ for Data Recovery Services on each date.

$2.$ Show how net revenues would be presented in the income statement.

$3.$ Calculate net revenues if Rashid had paid his bill on June $25.$