At December 31, 2021, Blossom Industries reports the following selected accounts from the unadjusted trial balance for its first year of operations: Prepare the journal entry to record the bad debt expense on December 31, 2021, assuming the credit manager estimates that 4% of the accounts receivable will become uncollectible. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) (To record estimate of uncollectible accounts.) BLOSSOM INDUSTRIES Balance Sheet (Partial) Assets $ $ $ Calculate the receivables turnover and collection period. (Remember that this is the end of the first year of business.) (Round answers to 1 decimal place, e.g. 52.7. Use 365 days for calculation.) Receivables turnover times Average collection period days eTextbook and Media