Estimating Doubtful Accounts Performance Bike Co. is a wholesaler of motorcycle supplies. An aging of the company's accounts recelvable 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 e Interval Balance Estimated Uncollectible Accounts Percent Estimated Uncollectible Accounts Amount Ag Not past due 1-30 days past due 31-60 days past due 61-90 days past due $846,000 93,100 42,300 30,500 91-180 days past due 22,000 Over 180 days past due 16,100 $1,050,000 3496 3% 9% 15% 40% 80% Total