how would i be able to calculate the tolerable misstatement with detail on how to get the answer?

me because A B D E F G H 1. Benchmark Data Sales / Revenue Pre tax income Total assets Materality Unaudited 2019 $1,019,890 $70,154 $389,428 2018 $950484 $35,757 $329,959 $1,800 2. Establish Planning Materiality Level Measurement Base Pre-tax income 70,154 Percentage Applied 5.0% Planning Materiality $3,508 3.75" Bases and Percentage Ranges: Profit Onented Entities Pre-tax income Please use this templen conjunction with Willis & Ada Total Revenue 05-3% Materialey Guidelines The matonality factors provided are guidelines only and should be used only as an ad as you une Total Assets 0.25 -2% professionalment to determine planning materially For puble contents typically the maximum Not for Profit Entities Total Revenue 0.53% Total Assets 0.25-2% instructions Work Paper 3-7 Work Paper 3-8 Balance Sheet Income Statement B 9 0 Cash Flows K B D E F G H J 2019 Unaudited Tolerable Planning Account e Account Name 2018 Trial Balance Misstatement Materiality Balance - 0 Cash and cash equivalents $48,978 $79,359 0% 0% 1 Receivables, net $12,875 $8,643 0% 0% 2 Inventory $122,337 $147,693 $2,631 75% 2% 3 Prepaid expenses $17,772 $15,647 0% 0% 4 Deferred income tax benefits $7,132 $10,338 $2,631 75% 25% 5 Property, Plant & Equipment $206,426 $223,736 $1,754 50% 1% 16 Accumulated depreciation and amortization $85,986 $97,722 0% 096 17 Intangibles, net $123 $1,734 0% 0% 18 Lines of credit $11,011 $10,510 $1,754 50% 17% 19 Accounts payable & Reserve for returns $68 399 $60,286 0% 0% 20 Accrued hobbies & Accrued profit sharing $28,270 $33,600 OX 0 21 Income taxes payable & Deferred income taxes $18,067 $24,567 0% 096 22 Common stock, 28.121 shares issued $261 $261 $65 2% 25% 23 Donated capital $5,460 $1,385 30% 25% 24 Additional pad in capital $20,740 $25,719 $1.754 50% 7% 25 Deferred compensation ($79) ($36) $0 096 0% 26 Accumulated other comprehensive income $3,883 $2,173 $543 1596 25% 27 Retained eamings $317,907 $361,402 Not Applicable Not Applicable Not Applicable 28 Treasury stock, 6,546 and 6 706 shares at cost, respectively ($143,850) ($134,512) $1,754 50% 1% 29 Total Amount of Tolerable Misstatement Allocated To Balance Sheet Accounts $14,250 30 Planning Materiality (from work paper 3-7) $3,508 31 Ratio of Total Tolerable Misstatement to Planning Materiality *** 4.1 Instructions Work Paper 3-7 Work Paper 3-8 Balance Sheet Income Statement Cash Flows +$5,400