McMullen and Mulligan, CPAs, were conducting the audit of Cusick Machine Tool Company for the year ended December 31. Jim Sigmund, senior-in-charge of the audit, plans to use MUS to audit Cusicks inventory account. The balance at December 31 was $9,000,000.

Assume that, in addition to the four misstatements identified in part b, Van Pelt had identified the following two understatement:

Note: Use the tables, not IDEA, to solve for these problems. Negative amounts should be indicated with minus sign. Round your intermediate calculations to 3 decimal places. Round the final answer to nearest dollar amount.

Misstatement Number Book Value Audit Value

5 $ 6,000 $ 6,500

6 750 800

Calculate the net projected population misstatement.