Fonda Bikes Co. is a wholesaler of motorcycle supplies. An aging of the company’s accounts receivable on December 31, 2010,
and a historical analysis of the percentage of uncollectible accounts in each age category are as follows:
Age Interval	Balance	Uncollectible percent uncollect Percent
Not past due	$567,000	½%
1-30 days past due	58,000	3
31-60 days past due	29,000	7
61-90 days past due	20,500	15
91-180 days past due	15,000	40
Over 180 days past due	10,500	75
	$700,000
Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31, 2010.