You have been assigned to examine the financial statements of Oriole Company for the year ended December $31,2025.$ You discover the following situations.

Depreciation of $$3,000$ for $2025$ on delivery vehicles was not recorded.

The physical inventory count on December $31,2024,$ improperly excluded merchandise costing $$19,300$ that had been temporarily stored in a public warehouse. Oriole uses a periodic inventory system.

A collection of $$5,400$ on account from a customer received on December $31,2025,$ was not recorded until January $2,2026.$

In $2025,$ the company sold for $$3,600$ fully depreciated equipment that originally cost $$26,900.$ The company credited the proceeds from the sale to the Equipment account.

During November $2025,$ a competitor company filed a patent$-$infringement suit against Oriole claiming damages of $$226,500.$ The company's legal counsel has indicated that an unfavorable verdict is probable and a reasonable estimate of the court's award to the competitor is $$127,500.$ The company has not recorded or disclosed this situation in the financial statements.

Oriole has a portfolio of trading investments. No entry has been made to adjust to market. Information on cost and fair value is as follows.

$\backslash$table$[[,$Cost,,Fair Value$],[$December $31,2024,$$$90,700,,$$$90,700$