The accountant for Hobart Future Group Ltd prepared an aged analysis of accounts receivable balances at 30 June 2023. The percentages of each age group are based on historical analysis and are presented in the table below. Ignore GST.

It is company policy to use the allowance method to account for bad debts.

Age	Estimated uncollectable (%)	Balance
Current	0.5	$900 900
30-60 days overdue	2	$257 400
61-120 days overdue	10	$64 350
121 days to 6 months overdue	20	$77 220
Over 6 months overdue	40	$51 480

Required

1. Calculate the estimated amount for the allowance for doubtful debts as at 30 June 2023.