Please answer A, B, C

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only used for Class Discussion Exercise Kayla Reed is using mean-per-unit estimation in the audit of Hamilton's inventory balances. Hamilton's inventory is recorded at $240,000 and comprises 1.200 different items. Reed determined a sample size of 120 items and performed the appropriate substantive procedures and based on this sample, determined the following: Average audited value (per item) Standard deviation of audited values $ 204 $ 22 A summary of some additional parameters estimated by Reed follow: Tolerable misstatement Expected misstatement Risk of incorrect acceptance Risk of incorrect rejection $ 17,500 $ 7,500 5% 10% Required: a. What is Reed's estimate of the audited value of Hamilton's inventory? b. What is the adjusted allowance for sampling risk? c. What is Reed's conclusion with respect to Hamilton's inventory balance? Book value