Estimating Doubtful Accounts Traditional Bikes Co. is a wholesaler of motorcycle supplies. An aging of the company's accounts receivable on December 31, 2014, 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, 2014. Age Interval Balance Estimated Uncollectible Accounts Percent Estimated Uncollectible Accounts Amount Not past due $740,000 0.5% $ 1-30 days past due 390,000 2 31-60 days past due 85,000 4 61-90 days past due 28,000 14 91-180 days past due 42,000 32 Over 180 days past due 15,000 80 Total $1,300,000 $