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 % Not past due 1-30 days past due $590,000 64,900 29,500 4 9 21,200 14 31-60 days past due 61-90 days past due 91-180 days past due Over 180 days past due 39 15,300 11,200 75 $732,100 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 $590,000 3/4% $ 1-30 days past due 64,900 4 31-60 days past due 29,500 9 61-90 days past due 21,200 14 91-180 days past due 15,300 39 Over 180 days past due 11,200 75 Total $732,100