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 $462,000 1/2 % 1-30 days past due 50,800 4 31-60 days past due 23,100 7 61-90 days past due 16,600 14 91-180 days past due 12,000 40 Over 180 days past due 8,800 80 $573,300 Age Class Balance Estimate what the proper balance of the allowance for doubtful accounts ould be as of December 31. Estimated Uncollectible Accounts Amount Percent Uncollectible Not past due $462,000 1/2% 1-30 days past due 50,800 4 31-60 days past due 23,100 7 61-90 days past due 16,600 14 91-180 days past due 12,000 Over 180 days past due 8,800 880 40 80 Total $573,300 $1