Estimating Doubtful Accounts Performance Bike Co. is a wholesaler of motorcycle supplies. An aging of the company's accounts receivabl 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 Percent Accounts Amount Age Interval Balance Not past due $780,000 3/4% 1-30 days past due 85,800 2 31-60 days past due 39,000 7 61-90 days past due 28,100 14 91-180 days past due 20,300 39 Over 180 days past due 14,800 80 Total $968,000