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An auditor performed a random sample to test inventories for valuation. Several items were determined to be either incorrect (regarding price or quantity or both). The two-sided 90% confidence interval on the estimated overstatement was as follows: LOWER CONE LIMIT: $(403,000) UPPER CONF. LIMIT: $970,000 The maximum tolerable misstatement is $500,000 a. Illustrate the results by sketching them on a 1-dimensional line, giving amounts b. Describe those results in words [.., verballyl. c. What do these results imply regarding internal controls over inventory? a. b. An auditor performed a random sample to test inventories for valuation. Several items were determined to be either incorrect (regarding price or quantity or both). The two-sided 90% confidence interval on the estimated overstatement was as follows: LOWER CONE LIMIT: $(403,000) UPPER CONF. LIMIT: $970,000 The maximum tolerable misstatement is $500,000 a. Illustrate the results by sketching them on a 1-dimensional line, giving amounts b. Describe those results in words [.., verballyl. c. What do these results imply regarding internal controls over inventory? a. b