audit question need help asap

The following are common size statements for ABC Sport that our audit team has reviewed earlier. Please answer the questions that follow based on the data you have for ABC Sports. ABC SPORTS Common Size Statements of Comprehensive Income (In thousands, The 2015 data are unaudited) 2015 % of 2014 sales 5950.484 100.0% $857,885 546,393 57 5% 472739 $404,091 42.5% $385 146 364 012 38 3% 334 994 (1153) $40.079 42% $61,305 % of 2013 % of sales sales 100.0% 5891 394 100.0% 55.1% 490,530 550% 449% $400 864 45.0% 39.0% 353,890 39.7% -0.1% 8. 190 0.9% 60% $38 784 4.4% Net Sales Cost of sales Gross Proft Seling general and administrative Non-recurring charge (credit) Income from operations Other income (expense) Interest expense Interest income Gain on sale of subsidary Other Total other income (expense), net Income before income as Income tax provision Net income (983) 0.1% 1459 02% (1.229) 573 -0.1% 0.1% (5.027) -0.6% 10 0.0% (4 798) 05% (4.322) -0,5% 35.757 3.8% 13.230 22527 2.4% (1091) ($1.747) 49.559 18337 $31222 -0.1% (1.593) 02% -02% ($8610) 0.7% 58% 32,174 36% 2.1% 11905 13% 36% $20269 23% Assumptions: We are auditing the e-commerce portion of the revenue cycle and other income statement accounts. We are in the testing phase of the audit. Seventy-Two percent of sales (approximately $ 684,000,000) are e-commerce transactions. 2. [Audlish & Reasoning] The audit team has collected positive confirmations for 1% of e-commerce sales [totaling about $ 6,500,000 in sales). On average, these sales were found to be 3% overstated mostly because of incorrect calculations of price discounts. i. What is a 'Positive Confirmation'? ii. What type of audit test is 'collecting confirmations': planning stage analytical review, test of details, control test? iii. Given that only 1% of sales were confirmed, what would be a reasonable dollar estimate of the misstatement in the Sales account? Explain why you would argue it is a reasonable estimate. iv. Is your estimate greater than or less than tolerable error? (show your calculation] V. Given this comparison, what should the audit team conclude concerning RM and RMM for e-commerce sales