Cheyenne Corp. uses the allowance method to estimate uncollectible accounts receivable. The company produced the following aging of the accounts receivable at year-end. (a) Calculate the total estimated bad debts based on the below information Number of Days Outstanding Total 0-30 31-60 61-90 91-120 Accounts receivable 352,500 106,900 74,400 68,900 54,300 % uncollectible 2% 5% 69 986 Over 120 $45,000 21% Estimated bad debts