Below is the "totals" section of XYZ Corporation's full ageing schedule. XYZ will be using this information to estimate uncollectible accounts receivable at year-end Number of Days Outstanding Total 0-30 31-60 61-90 91-120 Over 120 Accounts receivable $ 375,000 $ 220,000 $ 90,000 $ 30,000 $ 20,000 $ 15,000 % uncollectible 1% 4% 5% 9% 20% Estimate bad debts