SHOW ME HOW EX 8-11 Estimating doubtful accounts Obj. 4 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 Class Not past due Balance $ 892,000 Percent Uncollectible 14% 1-30 days past due 285,000 1 31-60 days past due 6 101,000 8 61-90 days past due 63,000 16 91-180 days past due 43,100 50 Over 180 days past due 17,700 80 $1,401,800 Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31.