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Same problem but missing part III to finsihed it . I cant figure out how to calcukate tolerable kistatement. 7 EXHIBITS close a exhibit Income

Same problem but missing part III to finsihed it.
I cant figure out how to calcukate tolerable kistatement. 7
EXHIBITS
close a
exhibit
Income Statement
Balance Sheet
Excerpt-Auditor's Guidance
Company and Industry Information
Qualitative Analysis
Scroll down to complete all parts of this task.
Consolidated Construction Inc., an issuer, is a construction company with annual revenues of $20 million. As the audit senior engaged on Consolidated Construction's Year 6 financial audit, you have been asked to calculate materiality as the engagement team plans the audit.
Using the exhibits, perform a quantitative analysis, perform a qualitative analysis, and determine the tolerable misstatement. In Part 1, determine overall materiality. In column B, calculate and enter the current ratio rounded to two decimal places. In column C, select the calculation approach the auditor should use. In column D, calculate and enter audit materiality. In Part II, perform a qualitative analysis and identify areas of qualitative concern for the Year 6 audit. There are four areas of qualititative concern. In column B, select an area from the options provided for each line. An option may be selected only once. In Part III, column B, calculate and enter the tolerable misstatement and the allowable audit misstatement for select account balances identified in column A. Enter amounts in whole dollars.
Part I: Quantitative Analysis
\table[[A,B,C,D,],[1,Quantitative Analysis,Current Ratio,Approach,Overall Materiality],[2,Overall materiality,1.42,Income before taxes,$16]]
Part II: Qualitative Analysis
\table[[A,B],[,\table[[High turnover of senior],[mananamont or kav]]]]
EXHIBITS
Income Statement
Balance Sheet
Excerpt-Auditor's Guidance
Company and Industry Information
Qualitative Analysis
Part II: Qualitative Analysis
\table[[A,B,],[1,Qualitative concern 1,\table[[High turnover of senior],[management, or key],[accounting or financial],[reporting personnel]]],[2,Qualitative concern 2,History of misstatements],[3,Qualitative concern 3,History of misstatements],[,Qualitative concern 4,\table[[Increased issues needing],[significant judgment or],[estimates with high],[estimation uncertainty]]]]
Part III: Tolerable Misstatement and Specific Account Balance Materiality for Year 6
\table[[,A,B],[1,Tolerable misstatement,],[2,\table[[Specific account: Account],[receivable]],$3
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