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 Estimated Uncollectible Accounts Amount Age Class Not past due Balance Percent Uncollectible $552,000 3/4% 1-30 days past due 60,700 3% 1,821 31-60 days past due 27,600 9% 2,484 61-90 days past due 19,900 14% 2,786 91-180 days past due 14,400 38% 5,472 Over 180 days past due 10,500 70% 7,350 Total $685,100