Exercise 8-4 Menge Company has accounts receivable of $116,200 at March 31. Average Age Balance of Receivables Month of Sale March 31 outstanding March 16 days $75,500 24,600 48 days February 8,700 73 days January Prior to January 7,400 110 days 116,200 Credit terms are 2/10, n/30. At March 31, Allowance for Doubtful Accounts has a credit balance of $1,500 prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimate of bad debts is shown below. Estimated Percentage Uncollectible Age of Accounts 1-30 days 2.0% 31-60 days 5.0% 61-90 days 24.0% Over 90 days 55.0% Determine the total estimated uncollectibles. Total estimated uncollectibles