Sarduchi Imports owes Radnor S\&L \$53 million under an 10\% note with three years remaining to maturity. Due to financial difficulties of Sarduchi, the previous year's interest ( $5.3 million) was not received. Radnor believes that the present value of all amounts it eventually will collect from Sarduchi is $28 million. Required: Compute the credit loss that the bank would record, and prepare a journal entry to record the credit loss as bad debt expense. Note: If no entry is required for a transaction/event, select"No journal entry required" in the first account field. Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). Journal entry worksheet Note: Enter debits before credits