Natural Hair Company supplies wigs and hair care products to beauty salons throughout Texas and the Southwest. The accounts receivable clerk for Natural Hair prepared the following aging of receivables schedule as of the end of business on December 31, 2007. Natural Hair Company has a past history of uncollectible accounts by age category, as shown below. Age Class Balance Percent Uncollectible Not past due $575,000 1% 1-30 days past due $140,500 2% 31-60 days past due $82,700 8% 61-90 days past due $36,000 15% 91-120 days past due $25,000 35% Over 120 day past due $20,800 80% Total $880,000 Estimate the allowance for doubtful accounts, based on the aging-of-receivables schedule and enter your answer in the highlighted cell below