7. Excerpts of selected financial statements and notes from Sleep Numbers's 10K for the fiscal year ended December 31, 2022 are listed on the following page. You will need to refer to those excerpts to answer the following questions. Any dollar amounts in your answers should be reported in thousands. a. Prepare any journal entries to record bad debts expense for the fiscal year ended December 31 , 2022. (1/2 point) b. Suppose the firm uses the income statement approach when estimating bad debts expense. What is the approximate percentage the firm used to estimate bad debts expense for the fiscal year ended December 31,2022 ? Assume all sales are made on account. (1/2 point) c. Suppose the firm uses the balance sheet approach when estimating bad debts expense. What is the approximate percentage the firm used to estimate the allowance for doubtful accounts for the fiscal year ended December 31,2022 ? Assume the firm does not age its accounts receivable. (1/2 point)