Estimating Doubtful Accounts Performance 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: Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31. Performance Bike Co. Estimation of Uncollectible Accounts December 31 Age Interval Balance Estimated Uncollectible Accounts Percent Estimated Uncollectible Accounts Amount Not past due $804,000 1/2% 1-30 days past due 88,400 2. 31-60 days past due 40,200 9 61-90 days past due 28,900 18 91-180 days past due 20,900 38 Over 180 days past due 15,300 70 Total $997,700