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 $658,000 1/2% 1-30 days past due 72,400 2 31-60 days past due 32,900 9 61-90 days past due 91-180 days past due 23,700 14 17,100 40 Over 180 days past due 12,500 80 $816,600 Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31. Estimated Estimated Uncollectible Accounts Uncollectible Accounts A Class Balance Percent Not past due $658,000 1/2% 1-30 days past due 72,400 2 31-60 dave past due 32.900 Amount 31-60 days past due 32,900 9 61-90 days past due 23,700 14 91-180 days past due 17,100 40 Over 180 days past due 12,500 80 Total $816,600