Limelite is a Joint Stock Company in Muscat, Sultanate of Oman. Limelite was established in 2012 and has since been leading Oman Cellular Phone Accessory manufacturer, producing diverse range of cellular phone protective screens, covers and ring-holders. Recently Limelite Patent the Limelite Glove a shock resistant cover for the cellular phones. The following is the summary of the year end receivables balances of Limelite Manufacturing and the equivalent figures for the previous year. Performance materiality has been set at RO. 5,000. Customer Jamal Ahmed Shahin Mohammed Jaffar Ali Jamila Khan Nooruddin 20,500 Other Customers all with balance under RO. 1,000 Jaffar Ali went into liquidation during the year. Question 3: 16,600 ---------- 48,600 ====== 2016 2015 2,400 3,000 2,000 1,100 18,900 7,400 ---------- 34,800 ====== 2,500 6,000 2,000 1,000 (i) Set out which of the above balances as a minimum, the auditor should select for listing and explain. Why? (3 Marks) (ii) Discuss the concept of Materiality Level with reference to the case let. (2 Marks)