Assume the following misstatements were found in a PPS sample: Sample Item 1 Book Value $650 Audit Value $585 0 0 540 1,900 2,200 2,800 1,650 2,660 Calculate the projected misstatement assuming: 1. The sampling interval was $1,800. $ 2. The sampling interval was $2,000. TA e Textbook and Media If a risk of incorrect acceptance of 15% is specified in the sample design the sampling interval is $2,000, and five misstatements are found as enumerated above, calculate: 1. Basic precision 2. The incremental allowance for sampling risk 3. The upper misstatement limit. $ $ e Textbook and Media