Estimating doubtful accounts

Outlaw Bike Co. is a wholesaler of motorcycle supplies. An aging of the companys 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	$658,000	3/4%
130 days past due	72,400	3
31-60 days past due	32,900	6
6190 days past due	23,700	18
91180 days past due	17,100	40
Over 180 days past due	12,500	80
Total	$816,600

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

Age Class	Balance	Estimated Uncollectible Accounts Percent	Estimated Uncollectible Accounts Amount
Not past due	$658,000	3/4%
1-30 days past due	72,400	3
31-60 days past due	32,900	6
61-90 days past due	23,700	18
91-180 days past due	17,100	40
Over 180 days past due	12,500	80
Total	$816,600