The Kraft Heinz Company was formed in $2015$ with the merger of Kraft Foods and H$.$J$.$ Heinz Corporation. Assume the company reported the following amounts in its unadjusted trial balance $($in millions$)$ as of December $31,2020$: Debits Credits Accounts Receivable $ $4,900$ Allowance for Doubtful Accounts $ $133$ Sales $($assume all on credit$)55,250$ Required: $1.$ Assume Kraft Heinz uses $12$ of $1$ percent of sales to estimate its Bad debt expense for the year. Prepare the adjusting journal entry required for the year, assuming no Bad debt expense has been recorded yet. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Enter your answers in millions rounded to the nearest whole dollar number.$)2.$ Assume instead that Kraft Heinz uses the aging of accounts receivable method and estimates that $$272$ million of its Accounts Receivable will be uncollectible. Prepare the adjusting journal entry required at December $31,2020,$ for recording Bad Debt Expense. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Enter your answers in millions.$)3.$ Assume instead that Kraft Heinz uses the aging of accounts receivable method and estimates that $$272$ million of its Accounts Receivable will be uncollectible. Also, assume that the unadjusted balance in Kraft Heinz$$s Allowance for Doubtful Accounts at December $31,2020,$ was a debit balance of $$23$ million. Prepare the adjusting journal entry required at December $31,2020,$ for recording bad debt expense. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Enter your answers in millions.$)4.$ If one of Kraft Heinz$$s main customers declared bankruptcy in $2021,$ what journal entry would be used to write off its $$18$ million balance? $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Enter your answers in millions.$)$