Could you explain as well,thank you so much!

Colloquium Accounting, I The balance sheet of the TESLA Ltd Company as at January 1 2019 is as follows: ASSETS EQUITY & LIABILITIES Intangible asset: Concession 80 000* Shareholders' equity Property, plant and equipment 120 000** Share capital 15 0000 Raw materials for production 7 500*** Long-term bank loan 80 000 Cash and cash equivalent 100 000 Accounts payable 77 500 Total assets 30 7500 Total equity & liabilities 30 7500 * In December 2017, concession was acquired for 100 000. The estimated useful life is 5 years. ** Property, plant and equipment was bought in March of 2016 for 150 000. Depreciation started on January of 2017, the period of balance sheet depreciation is 10 years no residual value with straight-line method used. *** Raw materials for production: 1 000 units at a cost of $5 per unit = 5 000 and 1000 units at a cost of $2.5 per unit = 2 500 1. On January 1, 2019, TESLA purchased supplies on account for S20 000. 2. On January 10, TESLA recorded salaries of manufacturing employees 10 000 and administrative staff 8 000. 3. On January 10, TESLA Company paid in full for the supplies purchased on January 1. 4. On January 13, TESLA provided $5,000 in services to a customer who asked to be billed for the services. 5. On January 14, TESLA distributed 3 000 cash in dividends to stockholders. 6. On January 15, TESLA used 1100 units of raw materials in production. Company uses a FIFO method. 7. On January 16, TESLA produced 2100 units of finished goods of product "S" at 7 per unit. Work-in-progress should be recorded. 8. On January 30, TESLA sold all finished goods at $15 per unit at a deferred payment and goods were delivered to the seller. 9. On January 31, the company received an invoice of S3000 for casualty insurance policies for January. The invoice will be paid in February Required: A. Open the T-accounts with opening balances (0.5 points). B. Record all transactions. Costs are recorded as costs by function (9 points) C. Close all accounts, show their ending balances, and calculate profit or loss for January 31.2019 according to costs by function structure in the Profit/(loss) account. Calculate financial result in Profit/(loss) account (0,5 points)