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Corona prepares a schedule of its December 31, 2019, accounts receivable by age. Based on past experience, it estimates the percent of receivables in each

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Corona prepares a schedule of its December 31, 2019, accounts receivable by age. Based on past experience, it estimates the percent of receivables in each age category that will become uncollectible. This information is summarized here: December 31, 2014 Age of Accounts Expected Percent Accounts Receivable Receivable Uncollectible $720,000 Not yet due 1.05% 252,000 1 to 30 days past due 1.80 49,600 31 to 60 days past due 6.30 14,100 61 to 90 days past due 31.75 2,850 Over 90 days past due 66.00 Assuming the company used the aging of accounts receivable method, determine the amount of uncollectible for year ending December 31, 2019

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