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 3/4 5532,000 58,500 26,600 3 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 2 16 19,200 42 13,800 10,100 $660,200 30 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 $532,000 3/4% 1-30 days past du 58,500 3 31-60 days past due 26,600 7 61-90 days past due 19,200 16 91-180 days past due 13,800 42 Over 180 days past due 10,100 80 Check My Work 13,800 42 91-180 days past due Over 180 days past due 80 10,100 $660,200 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 $532,000 3/4% 1-30 days past due 58,500 3 26,600 7 31-60 days past due 61-90 days past due 91-180 days past due 19,200 16 13,800 42 III, 10,100 80 Over 180 days past due Total $660,200