Unaudited$1.$ Benchmark Data$20222021$Sales $/$ Revenue$$1,019,890$$$950,484$Pre$-$tax income$$70,154$$$35,757$Total assets$$389,428$$$329,959$Materiality$$1,8002.$ Establish Planning Materiality LevelMeasurement BaseSelect Measurement Base Using The Yellow Cell on the LeftPercentage Applied$*$Input a Percentage Here Based on the Guidelines BelowPlanning MaterialityPlease Complete Cells AboveBases and Percentage Ranges:Profit Oriented EntitiesPre$-$tax income$3-7\%*$Please use this template in conjunction with Willis & Adams Materiality Guidelines. The materiality factors provided are guidelines only and should be used only as an aid as you use professional judgment to determine planning materiality.$$Total Revenue$0\mathrm{.}5-3\%$Total Assets$0\mathrm{.}25-2\%*$ For public companies, $5\%$ is typically the maximum.Not$-$for$-$Profit EntitiesTotal Revenue$0\mathrm{.}5-3\%$Total Assets$0\mathrm{.}25-2\%$Mutual Fund EntitiesNet Asset Value$3-5\%3.$ Justify$/$Support Your Level of Planning MaterialityState the factors that you considered to determine the appropriate measurement base and percentage to determine planning materiality.$$Measurement Base:Enter your response herePercentage:Enter your response here$$ The McGraw$-$Hill Companies, Inc., $2022$