Novak Company has accounts receivable of $111,600 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $1,400 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimates of bad debts are as shown below. Age of Accounts Balance, March 31 Estimated Percentage Uncollectible 2022 2021 Current $71,400 $75,000 2% 1-30 days past due 23,900 8,000 6% 31-90 days past due 8,800 2,400 21% Over 90 days past due 7,500 1,100 55% $111.600 $86,500