Daloy Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of receivables analysis. tho at Decamtar 01 to 30 31 to 60 31 to60)1201 to90 Accounts recervable Percent uncollectible $ 610,000 404,000 $ 98,000 44,000 26,000 s 38,000 3% 4% 7% 9% 12% a. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 5% of total accounts receivable to estimate uncollectibles, instead of the aging of receivables method Estimated balance of allowance for uncollectibles