Antioch Company makes eBook readers. The company had the following amounts at the beginning of Year $2$: Cash, $$666,000$; Raw Materials Inventory, $$61,000$; Work in Process Inventory, $$36,000$; Finished Goods Inventory, $$53,000$; Common Stock, $$602,000$; and Retained Earnings, $$214,000.$ Antioch experienced the following accounting events during Year $2.$ Other than the adjusting entries for depreciation, assume that all transactions are cash transactions.

Paid $$23,000$ of research and development costs.

Paid $$65,000$ for raw materials that will be used to make eBook readers.

Placed $$86,000$ of the raw materials cost into the process of manufacturing eBook readers.

Paid $$73,000$ for salaries of selling and administrative employees.

Paid $$106,000$ for wages of production workers.

Paid $$80,000$ to purchase equipment used in selling and administrative offices.

Recognized depreciation on the office equipment. The equipment was acquired on January $1,$ Year $2.$ It has a $$20,000$ salvage value and a six$-$year life. The amount of depreciation is computed as $[($Cost $$ salvage$)-$: useful life$].$ Specifically, $($$$80,000$ $$20,000)-$: $6=$ $$10,000.$

Paid $$132,000$ to purchase manufacturing equipment.

Recognized depreciation on the manufacturing equipment. The equipment was acquired on January $1,$ Year $2.$ It has a $$20,000$ salvage value and a seven$-$year life. The amount of depreciation is computed as $[($Cost $$ salvage$)-$: useful life$].$ Specifically, $($$$132,000$ $$20,000)-$: $7=$ $$16,000.$

Paid $$50,000$ for rent and utility costs on the manufacturing facility.

Paid $$76,000$ for inventory holding expenses for completed eBook readers $($rental of warehouse space, salaries of warehouse personnel, and other general storage cost$).$

Completed and transferred eBook readers that had total cost of $$244,000$ from work in process inventory to finished goods.

Sold $900$ eBook readers for $$428,000.$

It cost Antioch $$153,000$ to make the eBook readers sold in Event $13.$