A summary of Klugman Company's December 31, 2024, accounts receivable aging schedule is presented below along with the estimated percent uncollectible for each age group:

Age Group Amount %
0–60 days $ 65,000 0.5
61–90 days 24,500 1.0
91–120 days 3,500 10.0
Over 120 days 1,200 50.0
The allowance for uncollectible accounts had a balance of $1,450 on January 1, 2024. During the year, bad debts of $800 were written off.