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 Balance Age Interval Estimated Uncollectible Accounts Percent Estimated Uncollectible Accounts Amount Not past due $828,000 1/2% 1-30 days past due 91,100 2 31-60 days past due 41,400 7 61-90 days past due 29.800 15 91-180 days past due 21,500 40 15,700 65 Over 180 days past due $1,027,500 Total