Aging Method

On January $1,$ Hungryman Inc. has the following balances for accounts receivable and allowance for doubtful accounts:

Accounts Receivable

$$203,000$

Allowance for Doubtful

Accounts $($a credit balance$),36,540$

During the year, Hungryman had $$1,080,000$ of credit sales, collected $$658,800$ of accounts receivable, and wrote off $$33,600$ of accounts receivable as uncollectible. At year end, Hungryman performs an aging of its accounts receivable balance and estimates that $$44,600$ will be uncollectible.