calculate the bad debt expense for Nordstrom in fiscal year 2014. Write down the journal entries to record bad that expense in fiscal year 2014.

Part 1-Accounts Receivable Nordstrom, Inc. provided the following information on its accounts receivables in Note 3 of its 10K report for fiscal year 2014 (all numbers in million \$): NOTE 2: ACCOUNTS RECENABLE The components of accourts receivable ace as follows Credit Quality The primary indicalors of the credit qualiy of our credit card receinbles are oging and delinquency. partiolarfy the levels of account. batances delinquent 30 days or more, as these are the accourts most likely to be wriben of The following tatile divitratas the aging and delinquency tatus of our credt card receivabies: Write-offs and recoveries were as follows: Additional information: The allowance account as of the end of fiscal year 2013 (i.e., Feb 1, 2014 ) had a balance of $80. Credit sales during the 2014 fiscal year were $10,262. Historically, 1% of current accounts, 5% of accounts 1-29 days outstanding, and 95% of accounts with a balance more than 30 days outstanding are uncollectible. Answer the following questions using the above information. Show all your work