At December 31, 2021, Wildhorse Industries reports the following selected accounts from the unadjusted trial balance for its first year of operations: Account Debit Credit Accounts receivable $658,000 Accounts payable $329,000 Cash 37,600 Cost of goods sold 1,645,000 Interest receivable 1,050 Interest revenue 2,125 Merchandise inventory 305,500 Notes receivable, due April 10, 2022 42,300 Prepaid insurance 7,520 Refund liability 65,000 Short-term investments 47,000 Sales 4,403,900 Sales returns and allowances 94,000 Unearned revenue 23,500 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 O for the amounts.) Date Account Titles and Explanation Dec. 31 (To record estimate of uncollectible accounts.) Debit Credit Prepare the current assets section of the balance sheet for Wildhorse Industries on December 31, 2021. (List Current Assets in order of liquidity. Enter account name only and do not provide descriptive information.) : WILDHORSE INDUSTRIES Balance Sheet (Partial) Assets LA $ +A +A $ 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 Average collection period times days