You select a sample of accounts receivable balances for testing from a population of $300,000 based on a desired confidence of 90%, tolerable misstatement of $50,000, and no expected errors. In your testing, an item with a balance of $1,500.39 was overstated by $100. Based on an interval of $21,645.02, what is the upper error limit? Should the auditor accept the sample results? Explain why these results were obtained and how the auditor is likely to address the results.

I come up with a sample size of 13 using the ACL software, and an upper error limit of $52, 279.36.