21. You are evaluating the audit results for the assets in the audit of Barndt Manufacturing. You set the preliminary judgment about materiality at $400,000. The account balances, performance materiality, and estimated overstatements in the accounts are as follows: Account Trial balance Estimated Overstatement 1,000 Cash Accounts receivable Inventory Other assets PPE $81,000 5,600,000 7,200,000 525,000 3,200,000 $16,606,000 Performance Materiality 5,000 200,000 300,000 20,000 75,000 11,000 22,000 Other information. You confirmed accounts receivable totaling $3,000,000 and found $60,000 in overstatements. Additionally, you tested inventory totaling $4,100,000 and found overstatements of $123,000. Required. Based on the audit of the asset accounts and ignoring sampling risk, are the overall financial statements acceptable? Show any and all necessary calculations