2. Jones has decided to use monetary-unit sampling in the audit of an entity's accounts receivable balance. Few, if any, misstatements of account balance overstatement are expected. Required a. Identify the advantages of using monetary-unit sampling over classical variables sampling Calculate the sample size and the sampling interval Jones should use for the following information: Tolerable misstatement Expected misstatement Desired confidence level Recorded amount of accounts receivable $15,000 $ 6,000 95% $300,000 Calculate the upper limit on misstatement assuming that the following three misstatements were discovered in an MUS sample. Misstatement Number Book Value Audited Value $400 $ 320 0 2,500 2 500 3 3,000