At December 31, 2021, Carla Vista Imports reported this information on its balance sheet. During 2022 , the company had the following transactions related to receivables. Accounts Receivable 2390000 Sales Revenue 2390000 Sales Returns and Allowances Accounts Receivable Cash 2090000 Accounts Receivable Allowance for Doubtful Accounts 40000 Accounts Receivable 40000 Accounts Receivable Allowance for Doubtful Accounts (To reinstate account previously written off) Cash 20000 Accounts Receivable accounts and determine the balances. (Post entries in the order of journal entries posted in the previous part) Accounts Receivable Bal. 531000 (2) 50000 (1) 2390000 (3) 2090000 (5) 20000 (4) 40000 Allowance for Doubtful Accounts (4) 40000 Bal. 27000 (5) 20000 Bal. 7000 Prepare the journal entry to record bad debt expense for 2022 , assuming that aging the accounts receivable indicates that estimated bad debts are $45,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Compute the accounts receivable turnover. (Round answer to 1 decimal place, e.g. 12.4.) Accounts receivable turnover times