For each of the following independent examples calculate the projected likely misstatement (PLM) using the ratio method and determine what action is required based on the materiality level indicated. A. Accounts receivable general ledger value $380,000 on 1,400 accounts. Recorded balance of auditor's sample $42,600 in 150 accounts, audit test indicates sample value of $40,000. The audit partner has set performance materiality at 0.5%. B. Accounts payable general ledger value $480,000 on 2,400 accounts. Recorded balance of auditor's sample $78,600 in 200 accounts, audit test indicates sample value of $78,300. The audit partner has set performance materiality at 0.5%. Format V BI U