Swenson Co. is a wholesaler of office supplies. An aging of the company’s accounts receivable on December 31, 2002, and a historical analysis of the percentage of uncollectible accounts in each age category are as follows:

Estimate the proper balance of Allowance for Doubtful Accounts as of December 31, 2002.

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Age Interval Percent Balance Uncollectible Not past due $325,000 2% 1-30 days past due 86,000 4 31-60 days past due 17,000 9 15 61-90 days past due 12,000 15 18 91-180 days past due 7,400 60 Over 180 days past due 44 3,500 85 15 $450,900