Pump $($Pty$)$ Ltd is a small company that manufactures and sells swimming pool pumps to the public. The directors of the company heard about the public interest score which they need to calculate to determine whether the company$$s financial statements should be audited or reviewed.

The financial director, who prepares the financial statements of the company, supplied you with the following company information:

The company earned revenue of R$12300000$ for the financial year ended $31$ March $2020.$ The company employed $38$ employees $($including all executive directors$)$ during the financial year. Pump $($Pty$)$ Ltd had third$-$party liabilities of R$6600000$ at $31$ March $2020.$ The majority shareholder of Pump $($Pty$)$ Ltd is Mr Fischer who owns $65\%$ of the shares of the company. The remaining shareholding is shared amongst $3$ individuals not employed by the company.

Choose the correct option.

Select one:

a$.$

Pump $($Pty$)$ Ltd has a public interest score of $62$; therefore, the financial statements can be reviewed.

b$.$

Pump $($Pty$)$ Ltd has a public interest score of $60$ but the financial statements are prepared internally and, therefore, the financial statements will have to be audited.

c$.$

Pump $($Pty$)$ Ltd has a public interest score of $60$; therefore, the financial statements can be reviewed.

d$.$

Pump $($Pty$)$ Ltd has a public interest score of $62$ but the financial statements are prepared internally and, therefore, the financial statements will have to be audited.