Martinez 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 information below. Number of Days Outstanding Total 0-30 61-90 31-60 $90,000 Accounts receivable $455,000 $283,000 $47,000 % uncollectible 1% 4% 5% Estimated bad debts $