Instructions Outlaw Bike Co. is a wholesaler of motorcycle supplies. An aging of the company's accounts receivable on December 31 and a historical analysis of the percentage of uncollectible accounts in each age category are as follows: Age Interval Balance Percent Uncollectible Not past due $1,140,000 0,60 % 1-30 days past due. 516,500 3 31-60 days past due 182,000 61-90 days past due 54,900 91-180 days past due 36,500 Over 180 days past due 23,900 $1,953,800 5 16 38 85 tructions Allowance for Doubtful Accounts Estimate Estimate what the proper balance of the Allowance for Doubtful Accounts should be as of December 31. Estimated Uncollectible Accounts Age Interval Balance Percent Amount Not past due $1,140,000 0.60% $ 1-30 days past due 516,500 3% 31-60 days past due 182,000 5% 61-90 days past due 54,900 16% 91-180 days past due 36,500 38% Over 180 days past due 23,900 85% Total $1,953,800 X