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 percentag of uncollectible accounts in each age category are as follows: Age Class Balance Percent Uncollectible Not past due $634,000 1/2% 1-30 days past due 69,700 2 31-60 days past due 31,700 9 61-90 days past due 22,800 14 91-180 days past due 16,500 40 Over 180 days past due 12,000 80 $786,700 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 Not past due $634,000 1/2% 1-30 days past due 69,700 2 31-60 days past due 31,700 9 61-90 days past due 22,800 14 91-180 days past due 16,500 40 Over 180 days past due 12,000 80 Total $786,700 Amount