Assume that you are using the following nonstatistical sample for selecting accounts receivable for confirmation. The total book value of the population is $9,000,000, and tolerable misstatement is $350,000. You have decided to audit every item over $50,000 and randomly select items in two groups under $50,000, as the following shows. You selected the following sample. Stratum > $50,000 $50,000 x $5,000 < $5,000 z 2 88 N n Book Value of Stratum Book Value of Sample Audit Value of Sample 20 20 $3,000,000 $3,000,000 $2,948,000 100 30 3,000,000 1,000,000 970,000 300 30 3,000,000 300,000 280,250 $9,000,000 $4,300,000 $4,198,250 Evaluate results judgmentally: Determine the estimated audit value of the population using the non-statistical ratio method. Estimated audit value of the population