The first audit of the books of Crane Limited was recently carried out for the year ended December $31,2023.$ Crane follows IFRS. In examining the books, the auditor found that certain items had been overlooked or might have been incorrectly handled in the past:

$1$ At the beginning of $2021,$ the company purchased a machine for $$465,000($residual value of $$31,500)$ that had a useful life of $6$ years. The bookkeeper used straight$-$line depreciation, but failed to deduct the residual value in calculating the depreciation base for the three years.

$2$ At the end of $2022,$ the company accrued sales salaries of $$49,500$ in excess of the correct amount.

$3$ A tax lawsuit related to the year $2021$ was settled late in $2023.$ It was determined that the company owed an additional $$89,000$ in tax related to $2021.$ The company did not record a liability in $2021$ or $2022,$ because the possibility of losing was considered remote. The company charged the $$89,000$ to retained earnings in $2023$ as a correction of a prior year's error.

$4$ Crane purchased another company early in $2019$ and recorded goodwill of $$514,000.$ Crane amortized $$25,700$ of goodwill in $2019,$ and $$51,400$ in each subsequent year. The tax treatment for goodwill was properly applied.

$5$ In $2023,$ the company changed its basis of inventory costing from FIFO to weighted average cost. The change's cumulative effect was to decrease net income of prior years by $$50,000.$ The company debited this cumulative effect to Retained Earnings, and recorded the related income tax effect. The weighted average cost formula was used in calculating income for $2023.$

$6$ In $2023,$ the company wrote off $$73,500$ of inventory that it discovered, in $2023,$ had been stolen from one of its warehouses in $2022.$ This loss was

charged to the Loss on Impairment account in $2023.$