Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31

Estimating doubtful accounts Outlaw Bike Co. is a wholesaler of motorcycle supplies. An aging of the company's accounts receivable on December 31 and a historical analysis of the percentage of uncollectible accounts in each age category are as follows: Age Class Not past due 1-30 days past due 31-60 days past due 61-90 days past due 91-180 days past due Over 180 days past due Balance $588,000 64,700 29,400 21,200 15,300 11,200 $729,800 Percent Uncollectible 1/2% 2 9 15 39 65 Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31. Estimated Estimated Uncollectible Accounts Uncollectible Accounts Age Class Not past due 1-30 days past due 31-60 days past due 61-90 days past due 91-180 days past due Balance $588,000 64,700 29,400 21,200 15,300 Percent 1/2% 2 9 15 39 65 Amount 11,200 Over 180 days past due Total $729,800