Estimating Doubtful Accounts Outlaw Bike Co. is a wholesaler of motorcyde supplies. An aging of the company's accounts receivable on December 31, and a historical analysis of the percentas uncollectible accounts in each age category are as follows: Age Class Balance Percent Uncollectible 1/2 Not past due $820,000 4 90,200 41,000 8 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 29,500 18 41 21,300 15,600 $1,017,600 70 Estimate what the proper balance of the allowance for doubthul sccounts should be as of December 31 Percent Estimated Uncollectible Age Class Balance Uncollectible Accounts Amount Not past due $820,000 1/2% 1-30 days past due 90,200 4 31-60 days past due 41,000 8 Check My Work 4 8 1-30 days past due 31-60 days past due 61-90 days past due 91-180 days past due 90,200 41,000 29.500 21,300 18 41 15,600 70 Over 180 days past due $1,017,600 Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31. Percent Uncollectible Estimated Uncollectible Accounts Amount Balance Age Class $820,000 1/2% Not past due 4 90,200 1-30 days past due 8 41,000 31-60 days past due 29,500 18 41 61-90 days past due 91-180 days past due 21,300 15,600 70 Over 180 days past due $1,017,600 Total ws Ne