In a test of the existence assertion the projected misstatement in a statistical sample is $165,000, the upper confidence limit is $300,000 and the tolerable inisstatement is $265,000, what would an auditor likely conclude?

	a.	The account is materialy misstated,
	b.	There are misstatements, but the auditor cannot conclude that total misstement is less than the tolerable amount.
	c.	There are misstatements, but total misstatement is less than the tolerable amount
	d.	There is no misstatement in the account.