Estimating Doubtful Accounts

Outlaw Bike Co. is a wholesaler of motorcycle supplies. An aging of the companys 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	$498,000		3/4	%
130 days past due	54,800		3
31-60 days past due	24,900		6
6190 days past due	17,900		18
91180 days past due	12,900		40
Over 180 days past due	9,500		80
	$618,000

Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31.

Age Class	Balance	Percent Uncollectible	Estimated Uncollectible Accounts Amount
Not past due	$498,000	3/4%	$fill in the blank 1
1-30 days past due	54,800	3	fill in the blank 2
31-60 days past due	24,900	6	fill in the blank 3
61-90 days past due	17,900	18	fill in the blank 4
91-180 days past due	12,900	40	fill in the blank 5
Over 180 days past due	9,500	80	fill in the blank 6
Total	$618,000		$fill in the blank 7