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 the proper balance of the allowance for doubtful accounts should be as of December 31. Performance Bike Co. Estimation of Uncollectible Accounts December 31 Estimated Uncollectible Estimated Uncollectible Accounts Amount Accounts Percent Age Interval Balance Not past due $810,000 1/2% 1-30 days past due 89,100 4 31-60 days past due 40,500 6 61-90 days past due 29,200 15 91-180 days past due 21,100 Over 180 days past due 15,400 65 Total $1,005,300