Jacob, senior accountant at NEP CPA Firm, is auditing the Year 2 financial statements for Top Firmware Corp., a nonissuer, and he is currently in the planning stage. Top Firmware Corp. sales historically occur evenly throughout the year. Jacob expects a low likelihood of uncorrected and undetected misstatements. NEP CPA Firm's materiality guidelines are as follows: Overall financial statement materiality should be based on either total assets or gross annualized revenue, whichever is larger, and should be calculated by taking the appropriate benchmark and multiplying it by either 1.5 percent if the benchmark is assets, or 1 percent if the benchmark is gross revenue. Performance materiality is calculated by multiplying the overall materiality by either 80 percent (for low likelihood of uncorrected and undetected misstatements) or 60 percent (for high likelihood of uncorrected and undetected misstatements) . Selected interim financial information from Top Firmware Corp.: For the period 01/01/Year 2-06/30/Year 2 Revenue $2,100,000 Gross profit $600,000 As of 06/30/Year 2 Total assets $2,000,000 Stockholders' equity $1,250,000 Based on the information above, what is the overall financial statement materiality? $21,000 $30,000 $42,000 $60,000