Outlaw Bike Co. is a wholesaler of motorcycle supplies. An aging of the company's accounts receivable on December 31 and a historical analysis of the percentage of uncollectible accounts in each age category are as follows: Age Interval Balance Percent Uncollectible Not past due $1,370,000 0.50% 1-30 days past due 530,600 3 31-60 days past due 174,800 8 61-90 days past due 67,100 14 91-180 days past due 33,000 44 Over 180 days past due 27,000 33 83 $2,202,500 Allowance for Doubtful Accounts Estimate Estimate what the proper balance of the Allowance for Doubtful Accounts should be as of December 31. Estimated Uncollectible Accounts Age Interval Balance Percent Amount Not past due $1,370,000 0.50% < 1-30 days past due 530,600 3% 31-60 days past due 174,800 8% 61-90 days past due 67,100 14% 91-180 days past due 33,000 44% Over 180 days past due 27,000 83% Total $2,202,500