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 1/2 % $726,000 79,900 3 36,300 7 Not past due 1-30 days past due 31-60 days past due 61-90 days past due 91-180 days past due Over 180 days past due 26,100 14 41 18,900 13,800 $901,000 80 Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31. Percent Estimated Uncollectible Age Class Balance Uncollectible Accounts Amount Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31. Percent Estimated Uncollectible Age Class Balance Uncollectible Accounts Amount Not past due $726,000 1/2% 1-30 days past due 79,900 3 31-60 days past due 36,300 7 61-90 days past due 26,100 14 91-180 days past due 18,900 41 Over 180 days past due 13,800 80 Total $901,000 $