A. An auditor has been auditing the financial statements of Ruksud Apartments in Salalah that has 24 Flats, daily rent for each flat is RO 25. Rents are increased by 40% during Khareef, which runs for 60 days in a year. Apartments are closed for 5 days every year, during normal days (non- Khareef period), for maintenance. Assume that the occupancy rate for all flats is 70% during normal days and 100% during Khareef. Assuming 365 days in the year, what is the expected revenues from the apartments? If the financial statements of the apartments show that the revenues are RO 198,400, Is there any possible misstatement in revenues? If so, to what extent? Show your workings.