When auditing a furniture retailer, an auditor performed a price test over batch of office chairs. The working paper (incomplete) is shown below. The clearly trivial threshold is $1,000 and the performance materiality is $100,000. The client has recognised a $1000 impairment for the office chair (Model A). What is the auditor's conclusion and how could the matter be followed up? Furniture N Things Ltd Inventory Impairment 30/6/2021 Schedule C-20 Prepared by: Allen Student Date: 31/07/2021 Reviewed by: Audit Procedure: Obtained the unit cost and total stock value from the client inventory list as of 30/06/2021. Obtained the selling prices and corresponding dates after year-end for these items from the client sales listing for the year ended 30/06/2021 to 31/07/2021. Inventory Inventory Name Quantity Original Total Last Sales Last impairment|Further impairment Comments litem # (Date) Sales Recognised impairment Value ($) Value ($) Price ($) Needed? KY/N) Unit Cost Stock 10005 Office Chair (Model A) 60 100 $6,000 $1000 30/12/202050 01/06/2021250 010011 1200 $2,000 Adjustable Office Table 10 (Model F) O A. The inventory account is overstated by $2000. B. The inventory account is overstated by $3000. OC. The auditor will include the overstatement in Summary of Misstatements. D. The auditor will not request any accounting adjustment as the misstatement is below performance materiality. O E. A and D OF. A and C OG.B and C OH.B, C and D