b) The following information is extracted from the statement of financial position of ABC Lid. and you have set materiality of 1% of total assets and also have allocated the materiality for each of the assets. Assets Tk. Tolerable misstatement Cash 50,000 500 Receivables 250,000 5000 Inventory 100,000 2000 PPE 500,000 2000 Intangibles 100,000 500 Total 10,00,000 10,000 You have tested each of the components as samplc basis. A sample of Tk. 50,000 receivable reveals misstatement of Tk. 1200 and a sample of Tk. 100000 PPE reveals misstatement of tk. 1000. Total inventory test reveals misstatement of Tk. 500 Requirements: Comment on the materiality for cach of the assets and for the total assets. at the