Fife Company has the following account balances at December 31 of the current year. Accounts Receivable $44.000 and Allowance for Doubtful Accounts $600 (credit balance). Fife uses the aging of accounts receivable to estimate bad debts. The following aging schedule reflects the situation at year-end: Schedule of Accounts Receivable by Age Customer Name Total Not 1-30 days 31-60 61-90 Over 90 Owed yet due past due days past days past days past S. Milken 12,000 5,000 3.000 due due due 2,000 1.000 1.000 F. Filip 7.000 1 000 800 2.200 J. Riley 14,000 8.000 2,000 1.000 2,000 100 900 R. Cash 3,000 2,000 3,000 1.000 L. Faraday 8.000 1.000 Totals 44.000 17.000 7,000 16.000 Percent Uncollectible 2% 5% 5.000 10%