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 $450,000 49,500 22,500 16,200 11,700 8,600 $558,500 Percent Uncollectible 3/40/0 4 9 18 42 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 Over 180 days past due Total Balance $450,000 49,500 22,500 16,200 11,700 8,600 $558,500 Percent 3/40/0 4 9 18 42 65 Amount