Seaforth International wrote off the following accounts receivable as uncollectible for the year ending December 31: Customer Amount Kim Abel $24,200 Lee Drake 30,700 Jenny Green 29,800 Mike Lamb 17,500 Total $102,200 The company prepared the following aging schedule for its accounts receivable on December 31: Aging Class (Number of Days Past Due) Receivables Balance on December 31 Estimated Percent of Uncollectible Accounts 0-30 days $730,000 1% 31-60 days 280,000 2 61-90 days 110,000 15 91-120 days 75,000