Performance 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: Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31. Age Interval Not past due 1-30 days past due Performance Bike Co. Estimation of Uncollectible Accounts December 31 Balance Estimated Uncollectible Accounts Percent Estimated Uncollectible Accounts Amount $682,000 1/2% 75,000 31-60 days past due 34,100 24,600 61-90 days past due 91-180 days past due 17,700 Over 180 days past due 13,000 Total $846,400