5. When audit accounts receivable, following your instruction, a junior auditor sent 30 positive confirmation requests to a random sample of customers as the substantive procedure. The recorded accounts receivable total $600,000 and include 210 individual customer accounts. Of the 30 confirmations received from the customers, 25 had no exceptions noted, while 5 confirmations yielded the following results: Account Recorded Customer's Comments Client's Comments #D303 $4,000 We already paid $4,000 on No record of receiving the October 10, 2021, so we don't payment. owe anything.#E836 $2,000 $500 of goods were returned for We received returned goods on credit on December 28, 2021 January 10, 2022 and reduced the (Shipped FOB destination}. So customer's balance that day. we owe only $1,500. #K628 $1,250 The conrmation was returned We don't know what happened to and indicated as \"Address Not the customer and to that accounts Found." receivable. The balance is not material anyway. #F986 $4,500 We paid this amount on We received payments on December 29, 2021. January 8, 2022, and the account was credited that day. #A532 $5,000 The company has led for Looks like this should be Written bankruptcy and requests for off. We are surprised by this payment should be directed to the news. company's trustee. The materiality level for accounts receivable has been set at $45,000. The junior auditor followed up on account #1532 through a telephone call to the bankruptcy trustees who acknowledged the existence of the $5,000 debt but were unable to estimate the dollar amount that would be paid to the customer's creditors. Please evaluate the results of this audit test and indicate what should conclude and what additional steps (if any) should take in this situation