Outlaw Bike Co$.$ is a wholesaler of motorcycle supplies. An aging of the company's accounts receivable on December $31$ 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 $31.$

Outlaw Bike Co$.$

Estimation of Uncollectible Accounts

December $31$

Age Class Balance Percent Uncollectible Estimated Uncollectible Accounts Amount

Not past due $$902,0003/4\%$

$1-30$ days past due $292,0001\%$

$31-60$ days past due $98,5008\%$

$61-90$ days past due $68,00050\%$

Over $180$ days past due $15,50080\%$

Total $$1,420,700$