Renegade Co. is a wholesaler of motorcycle supplies. An aging of the company's accounts receivable on December 31, 2008, and a historical analysis of the percentage of uncollectible accounts in each age category are as follows:

Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31,2008.

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Percent Uncollectible 1% Age Interval Not past due 1-30 days past due 31-60 days past due 61-90 days past due 91-180 days past due Over 180 days past due Balance $400,000 80,000 18,000 12,500 6,000 10 70 90 $519,000