Blackwell Company ages its accounts receivable to estimate uncollectible accounts expense. Blackwell began Year 2 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $95,500 and $7,800, respectively. During Year 2, the company wrote off $6,240 in uncollectible accounts. In preparation for the company's estimate of uncollectible accounts expense for Year 2, Blackwell prepared the following aging schedule:

Number of Days

Past Due

Receivables

Amount

% Likely to be

Uncollectible

Current

$ 104.000

1 %

0-30

45,000

5 %

31-60

9.920

10 %

61-90

4.440

25 %

Over 90

3.800

50 %

Total

$ 167,160