The following information is extracted from Halloween Inc at the beginning of 2022: Accounts receivable $ 68,000 Allowance for doubtful accounts 1,600 (credit balance) During 2022, sales on credit amounted to $ 610,000, $ 590,000 was collected on outstanding receivables, and $ $3,900 were written off as uncollectible. On December 31, 2022, Halloween estimates its bad debts to be 5% of the outstanding gross account receivables balance. Prepare the journal entry necessary to record Halloween's estimate of bad debt expense for 2022. Prepare the account receivable section of Halloween's December 31, 2022 balance sheet. Compute Halloween's receivables turnover (round to one decimal place).