I like that washer idea!
Numrich has the whole ignition system for about $25, original firing pin, spring, firing pin retention pin, and the striker. Of course, shipping is a fortune and you guys are absolutely right: how much do you spend to fix a $100 gun?
Maybe the right suggestion is to sell this as a parts gun. Get the $100 out of it, or as much as you can, and move on!
Epoxying the cylinder. Wow. It might not be firing because the "epoxy" is one of the soft formulations and is soaking up the firing pin strike. If that's the case, it's lucky that there is no ignition.
Pictures might help, but put a piece of thin cardboard where the firing pin hits and see if you get a dent when you pull the trigger. If not, you have another problem. Likely the firing pin will be damaged from that much dry-firing. With an epoxied cylinder, I'd want to avoid shooting this revolver anyway. .22 casings are very unpleasant when they split open in an unsupported chamber. Welding gloves are strongly recommended if someone is going to insist on shooting this thing.