Marigold Corp. uses the allowance method of accounting for bad debts. The company produced the following aging of the accounts receivable at year$-$end.

$($a$)$

Calculate the total estimated bad debts based on the below information.

Total

$0-30$

Number of Days O

$31-60$

$61-90$

Accounts receivable

$$412,900$

$$230,500$

$$97,100$

$$41,900$

$\%$

$1\%$

$4\%$

$5\%$