I need assistance completing the attached assignment. Not sure where to start to complete the calculations.

Any assistance is greatly appreciated.

OCEANVIEW MARINE COMPANY 5-4 Determination of Performance Materiality December 31, 2015 Account Name 2015 Unadjusted Trial Balance Cash 1,320,096 Accounts receivable Performance Materiality 1,762,682 Allowance for bad debts Inventory 20,000 116,636 CR 13,524,349 50,000 17,720 2,000 7,916 1,000 100,000 0 Prepaid expenses Deposits Land Automobiles 42,772 Equipment 134,919 3,000 49,028 1,000 Building 525,840 10,000 Accumulated depreciation 256,042 CR Office equipment Accounts payable 1,750,831 CR Accrued liabilities 5,000 257,800 CR Federal income taxes payable Notes payable - bank 35,284 CR 5,000 Current portion of long-term debt 5,100,000 CR 5,642 CR 1,000 Long-term debt 409,824 CR 10,000 Common stock 10,000 CR 1,000 2,500,000 CR 10,000 Additional paid-in capital Combined performance materiality (total of column 3) 119,000 Preliminary judgment about materiality (from w/p 5-2-a) Multiply preliminary judgment by 3 Total (combined performance materiality must be less than this total) x 3.00 0