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 Not past due Balance Percent Uncollectible $874,000 1/2% 1-30 days past due 96,100 2 31-60 days past due 43,700 8 61-90 days past due 31,500 15 91-180 days past due 22,700 39 Over 180 days past due 16,600 70 $1,084,600 Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31. Estimated Estimated Uncollectible Accounts Uncollectible Accounts Age Class Balance Percent Not past due $874,000 1/2% 1-30 days past due 96,100 2 31-60 days past due 43,700 8 61-90 days past due 31,500 15 91-180 days past due 22,700 39 Over 180 days past due 16,600 70 Total $1,084,600 Amount