explain how each of these items will affect the financial statements of Fillet at year$-$end $20$X$9.$ a$.$ a company uses a part manufactured in Germany in its automobile manufacturing plant. There has been a concern about the failure of this part in cars manufactured in Germany. No failures have occured to date in Canada. The company decided to do a voluntary recall of all cars manufactured with this part. The recall is $40\%$ complete and has cost $$1,200,000$ to date.