$9$A$-10$ The auditors wish to test the valuation of accounts receivable in the audit of Desert Enterprises of Bullhead City.$$ The client has $$500,000$ of total recorded receivables, composed of $850$ accounts.$$ The auditors have determined the following:Tolerable misstatement$$25,000$Risk of incorrect acceptance$5\%$Expected misstatement$$2,000$The auditors have decided to use monetary unit sampling.Required:a$.$ For planning the sample, calculate:$(1)$ Required sample size.$(2)$ Sampling interval.b$.$ Assume the auditors have tested the sample and discovered three misstatements:Book ValueAudited Value$$50$$$478007608,5008,100$Compute:$(1)$ Projected Misstatement.$(2)$ Basic Precision.$(3)$ Incremental Allowance.$(4)$ Upper limit on misstatement.$(5)$ Will the auditors accept or reject the population as materially correct?