Sheridan Inc. uses the allowance method to estimate uncollectible accounts receivable. The company produced the following aging of the accounts receivable at year-end.

(a)

Calculate the total estimated bad debts based on the below information.

				Number of Days Outstanding
		Total		030		3160		6190		91120		Over 120
Accounts receivable		240,900		84,900		53,100		47,300		31,200		$24,400
% uncollectible				2%		5%		6%		9%		21%
Estimated Bad debts		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount