Problem $2-81($Algo$)$ Reconstruct Financial Statements $($LO $2-1,6)$

Omira Cycle Parts manufactures components for motorcycle and off$-$road vehicles. The company's administrative and manufacturing operations share the company's only building. Eighty percent of the building is used for manufacturing, and the remainder is used for administrative activities. Indirect labor is $8$ percent of direct labor.

As the cost analyst at Omira, you have gathered the following information for the year ended December $31$ :

$\backslash$table$[[$Administrative salaries,$],[$Attorney fees to settle zoning dispute,$974,000],[$Building depreciation $($manufacturing portion only$),128,800],[$Cost of goods manufactured,$921,200],[$Direct materials inventory, December $31,14,019,600$