The Kraft Heinz Compsny wss formed in 2015 wth the merger of Krat Foods snd H.J. Heinz Corporstion. Assume the campony Requlred: 1. Assume Kraft Heinz uses 1/2 of 1 percent of ssles to estimste its Bad debt expense for the year. Prepore the soljusting jaumal entry requ'red for the year, sasuming no Bsed debt expense has been recorded yet (If no entry is required far o transection ievent, select "No journsl entry required" In the first account field. Enter your snswers In millians rounded to the nearest whole dollar numbec) Journal entry worksheet 2. Assume instesd that Krst Heinz uses the sging of accounts recelvoble method and estimstes that $317 million of its Account: Recelvsble will be uncolectble. Prepore the sdjusting.joumsl entry reculred ot December 31, 2020, for recording Bad Debt Expense. (If no entry is required for o tronsection ievent, select "No journal entry required" in the first sccount field. Enter your onswers in millions.)