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 Balance Percent Uncollectible Not past due $554,000 3/4 % 1-30 days past due 60,900 3 31-60 days past due 27,700 7 61-90 days past due 14 19,900 14,400 91-180 days past due 38 Over 180 days past due 10,500 70 $687,400 Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31. Percent Uncollectible Estimated Uncollectible Accounts Amount Age Class Balance Not past due $554,000 3/4% 1-30 days past due 60,900 3 31-60 days past due 27,700 7 61-90 days past due 19,900 14 91-180 days past due 14,400 38 Over 180 days past due 10,500 70 Total $687.400