Jarden Company has credit sales of $2.40 million for year 2015. On December 31, 2015, the company's Allowance for Doubtful Accounts has an unadjusted credit balance of S17,935. Jarden prepares a schedule of its December 31, 2015, accounts recelvable by age. On the basis of past experience, it estimates the percent of recelvables in each age category that will become uncollectible. This information is summarized here. December 31, 2015 Age of Expected Percent Accounts Accounts Recevable Uncollectible 480,000 Not yet due 1.25% 192,000 38,400 9,200 3,840 1 to 30 days past due 31 to 60 days past due 61 to 90 days past due Over 90 days past due 2.00 6.50 32.75 68.00 value: 5.00 points Required: 1. Estimate the required balance of the Allowance for Doubtful Accounts at December 31 2015, using the aging of accounts receivable method. Accounts Receivable Estimated Uncollectible Not due 1 to 30: 31 to 60: 61 to 90: Over 90: Estimated balance of allowance for uncollectibles