The auditor has completed testing of accounts receivable. Below is a summary of his results of testing: Expected misstatement: $25,000 Tolerable misstatement: $200,000 Sample misstatement: $22,800 Projected misstatement: $138,021 Upper misstatement limit: $262,2189 Which of the following is correct? a. Since the sample misstatement is less than the expected misstatement, the evidence supports the conclusion that the account is not materially misstated. b. Since the projected misstatement is more than the expected misstatement, there is unacceptably high risk that the account is materially misstated. c. Since the sample misstatement is less than the tolerable misstatement, the evidence supports the conclusion that the account is not materially misstated. d. Since the upper misstatement limit exceeds the tolerable misstatement, there is unacceptably high risk that the account is materially misstated