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 Balance Percent Uncollectible $836.000 3/4% 92,000 4 41,800 7 1-30 days past due 31-60 days past due 61-90 days past due 91-180 days past due Over 160 days past dur 14 30,100 21.700 15,900 38 70 $1,037,500 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 Balance Percent Amount Not past due 5836.000 3/4 1-30 days past due 92.000 31-60 days past due 41.800 7 61.90 days past due 30,100 14 91-180 days past due 21,700 38 Over 180 days past due 15,900 70 Total $1,037.500