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 $584,000 1/2% 1-30 days past due 64,200 2 31-60 days past due 29,200 7 61-90 days past due 21,000 14 91-180 days past due 15,200 41 Over 180 days past due 11,100 $724,700 7 R 70 Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31.