EX 8-11 Estimating doubtful accounts Obj. 4 Outlaw Bike Co. is a wholesaler of motorcycle supplies. An aging of the company's accounts receivable onME HOW December 31 and a historical analysis of the percentage of uncollectible accounts in each age category are as follows: Percent Age Class Not past due 1-30 days past due 31-60 days past due 61-90 days past due 91-180 days past due Over 180 days past due Balance Uncollectible $ 892,000 285,000 01,000 63,000 43,100 17,700 $1,401,800 16 50 80 Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31