The audit staff assigned to audit Maintenance Expenses totaling $4,900,000 selected a sample of transactions for substantive testing. The value of the sample selected amounted to $1,225,000 of the...

The audit staff assigned to audit Maintenance Expenses totaling $4,900,000 selected a sample of
transactions for substantive testing. The value of the sample selected amounted to $1,225,000 of the total
balance. Errors found in the sample selected amounted to $75,000.
 Assuming a tolerable error limit of 5%, determine whether Maintenance Expenses are materially misstated or not.