Fontaine Bikes Co. is a wholesaler of motorcycle supplies. An aging of the company€™s accounts receivable on December 31, 2015, and a historical analysis of the percentage of uncollectible accounts in each age category are as follows:

Estimate the proper balance of the allowance for doubtful accounts as at December 31, 2015.

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Percent Uncollectible Age Class Not past due 1-30 days past due 31-60 days past due 61-90 days past due Over 90 days past due Balance 49% $567,000 58,000 29,000 20,500 25,500 $700,D00 15 50