The cone filter and afm adaptor were purchased on ebay in the range of $45 dollars (US). The setup placed the cone atop the afm and was positioned dowward towards the engine. This setup made it difficult to construct a heatshield that wasn't bulky and didn't consume about 1/4 of the engine bay. The only way was to reposition the air filter someplace in which it fit AND made the heatshield design more simple.
I picked up a 3 inch, 90 degree, mandrel bent elbow joint from JC Whitney for about $20. I marked the pipe which would best position the air filter in the desired location and used a hacksaw to cut the aluminum tube which took me about 45 minutes and a lot of elbow grease. Wearing proper work gloves will save your hands from a lot of strain.
The red silicone gasket connecting the tube and AFM adaptor was purchased for $10 from www.dragonintakes.com. I purchased the hose clamps from Home Depot. Since my setup is 3", i made sure to get the 4" hose clamps to ensure i had enough slack to fit around the piping.
The heatshield is a stainless steel that was constructed from the top of an old computer case that I found in the dumpster behind my work. I first made a template out of cardboard then traced the template onto the sheet of steel. I then used tin snips to cut the heatshield. Pliers and vice grips were used to bend the steel, a drill was used to make the holes, and all nuts are plastic threaded locking nuts. I finished off the top of the heatshield with some old rubber fuel hoses and used black electrical tape to keep it secured to the top of the shield.
The total cost for my setup was about $80. The only upgrades to this setup would be to get a better quality air filter. But due to my thrify nature, I'll be patiently waiting until the next good deal on a K&N comes along.