You are performing an external audit on the financial statements of ABC Limited. The following is the income statement of ABC Limited: ABC Limited Income Statement For the Period Ending December 31, 2018 Revenue Cost of Sales Gross Margin Expenses Wages Administrative Advertising Office Supplies Insurance $ 6,200,000 3,000,000 3.200,000 1,000,000 300,000 117,000 48,000 105,000 Total Expenses 1.570,000 Profit before Tax $ 1,630,000 If materiality is set at 8% of profit before tax, which balances in the above income statement would be considered material?