Oceanside Company uses the balance sheet approach in estimating uncollectible accounts expense. Its Allowance for Doubtful Accounts has a $1,200 credit balance prior to adjusting entries. It has just completed an aging analysis of accounts receivable at December 31, 2015. This analysis disclosed the following information:

Age Percentage Group Considered Total Uncollectible Not yet due $52,000 1% 1-30 days past due $30,000 2% 31-60 past due $13.000 8%