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: Percent Balance Age Class Uncollectible Not past due $784,000 1/2 % 1-30 days past due 86,200 3 31-60 days past due 39,200 6 61-90 days past due 28,200 14 91-180 days past due 20,400 38 Over 180 days past due 14,900 70 $972,900 Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31. Estimated Uncollectible Percent Balance Age Class Uncollectible Accounts Amount Not past due 1/2% $784,000 1-30 days past due 86,200 31-60 days past due 39,200 61-90 days past due 28,200 14 91-180 days past due 20,400 38 Over 180 days past due 14,900 70 Total $972,900