Your firm is the auditor of Style Ltd, a publicly listed company. Style has a major shareholder that controls its board of directors. The following financial information was extracted from is 30 June 2021 forecast, updated last month (November 2020) for actual year-to-date results. Accounts/Amounts ($M) Forecast 30 June 2021 Actual 30 June 2020 Revenue 680 430 Total Assets 600 650 Net Assets 402 475 Profit before tax 153 91 Required The national economy is currently strong with consumer confidence stable in the last two quarters. The company has an internal audit function that in previous years you have assessed as effective. Your experience with the company in the past years has also shown that its forecasts are generally reliable. Given this scenario and the rule of thumb (Table 4.1 - textbook), calculate materiality thresholds set individually and in aggregate. State any assumptions you made in your calculation.