Estimating Douteful Accounts Outlaw Bike Co. is a wholesaler of motorcycle supplies. An aging of the company's accounts recevable on December 31, and a historical analysis of the percentage of uncollectible accounts in each age category are as follows: Age Class Balance Percent Uncollectible Not past due $542,000 12% 1-30 days past due 59,600 4 31-60 days past due 27,100 9 61-90 days past due 19,500 17 91-180 days past due 14,100 38 Over 180 days past due 10,300 65 $672.000 Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31. Age Class Percent Estimated Uncollectible Accounts Amount Balance Uncollectible Not past due $542,000 1/2% 1-30 days past due 59,000 4 31-60 days past due 27,100 9 61-90 days past due 19,500 17 91-180 days past due 14,100 38 Over 180 days past due 10,300 65 Total $672,600