Browsere launchor http:96253A%252F%252Fnewconnect meducation.com%252F/ F Homework Sed Carson Alister is performing an MUS application in the audit of Bird Company's accounts receivable. Based on the acceptable level of the risk of incorrect acceptance of 5 percent and a tolerable misstatement of $120,000, Allister has calculated a sample size of 75 items and a sampling Interval of $25.000 After examining the sample items the following misstaternents were identified Use Exhibit EA2) 1 2 Recorded Balance $35,000 10,000 Audited Value 528,000 8.000 3.00 6,000 Required: a Calculate the upper limit on misstatements for Bird Company's accounts receivable Upper limit on me 5 108,000 b. Fill in the appropriate blanks to provide a brief description of the meaning of the upper limit on misstatements calculated in parta probably that the out of intiment in be than or equal to Convey pertinebabysk af tanda that the true amount of the statement contball witter the offi'cut cevable balance