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 $716,000 1/2 % 1-30 days past due 78,800 4 31-60 days past due 35,800 6 61-90 days past due 25,800 17 91-180 days past due 18,600 41 Over 180 days past due 13,600 65 $888,600 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 $716,000 1/2% 1-30 days past due 78,800 4 31-60 days past due 35,800 6 61-90 days past due 25,800 17 91-180 days past due 18,600 41 Over 180 days past due 13,600 65 Total $888,600