1) prepare a workpaper using substantive analytical procedures to test the reasonableness of interest expense

2) Downy Inc 2020 income statement shows $1,183,000 of interest expense. To conduct a sub-stantive anlayitcal procedure on this account, the auditor could calculate the average

January	$41,500
Feb	38,600
Marc	28,100
April	27,900
May	26,100
June	25,500
July	24,200
August	30,200
September	44,500
October	38,100
November	25,200
December	31,000
Total	380,900

assume that the interest rates recordedd on the loan statements have remained stable over the year,
flucuating between 4 and 5.25 . If the auditor uses 4.875% as the ave interest rate.
Be sure to develop your expectation
Assume 5% of recorded balance is the tolerable difference.
Is the difference between the expectation and recorded amount acceptable or do you need to do more work? What is your conclusion