=+The company prepared the following aging schedule for its accounts receivable on December 31, 2010:

Aging Class (Number Receivables Balance Estimated Percent of of Days Past Due) on December 31 Uncollectible Accounts 0–30 days $480,000 1%

31–60 days 100,000 3 61–90 days 40,000 20 91–120 days 25,000 30 More than 120 days 5,000 40 ________ Total receivables $650,000 ________ ________