Cycle Parts International is a wholesaler of motorcycle supplies. An aging of the companys accounts receivable on

Cycle Parts International is a wholesaler of motorcycle supplies. An aging of the company’s accounts receivable on December 31, 20Y3, and a historical analysis of the percentage of uncollectible accounts in each age category are as follows:

Estimate what the balance of Allowance for Doubtful Accounts should be as of December 31,20Y3.

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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 Percent Uncollectible $1,350,000 600,000 90,000 40,000 20,000 10,000 2,110,000 2% 15 50 80