Your client has introduced a significant upgrade of its products and has asked you to perform an obsolescence review of a parts inventory. You select a monetary unit sample. The sample disclosed items for which write-downs to lower of cost or market is appropriate. The estimated (projected) write-down is $320,000. The 90% two-sided confidence interval on that estimate is: lower confidence limit (LCL) $100,000; upper confidence limit (UCL), $650,000 The maximum tolerable misstatement is $400,000 and the planned confidence level is 95% (2-sided). a. Present the results graphically, with numbers. b. Describe those results in words [le, verbally. c. Present another graph giving the permissible range for an adjusting Journal entry (AE), with numbers. d. Give an acceptable AJE (OR and CR] in good accounting form. a d. DR CR TO Your client has introduced a significant upgrade of its products and has asked you to perform an obsolescence review of a parts inventory. You select a monetary unit sample. The sample disclosed items for which write-downs to lower of cost or market is appropriate. The estimated (projected) write-down is $320,000. The 90% two-sided confidence interval on that estimate is: lower confidence limit (LCL) $100,000; upper confidence limit (UCL), $650,000 The maximum tolerable misstatement is $400,000 and the planned confidence level is 95% (2-sided). a. Present the results graphically, with numbers. b. Describe those results in words [le, verbally. c. Present another graph giving the permissible range for an adjusting Journal entry (AE), with numbers. d. Give an acceptable AJE (OR and CR] in good accounting form. a d. DR CR TO