Question 2 Proportion of Revenue Deferral In this question, we will examine financial information from Tesla, Inc. Find Tesla's most recent financial statements as of December 31, 2021. (1) Read Tesla's description of its revenue recognition policy with regard to automotive sales (with and without resale value guarantee) in Note 2. According to the description, does Tesla recognize the full price of the automotive at the time of initial sale? For the following questions, you will infer the percentage of transaction price Tesla defers in its automotive sales transactions, using information in pages 55-56. The flow will be similar to what you have seen in class (the Apple example). (2) How much is Tesla's revenues from automotive sales for cal 2021? Include all revenues from automotive sales regardless of whether there is a resale value guarantee. (3) How much of your answer to (2) is recognition of deferred revenue? Given that answer, how much is Teslas revenues from fiscal 2021 automotive sales recognized immediately at the time of initial sale? (4) How much deferred revenue did Tesla newly recognize from its fiscal 2021 automotive sales? (5) Given your answers to (3) and (4), what percentage of transaction price does Tesla defer in its automotive sales transactions? Question 2 Proportion of Revenue Deferral In this question, we will examine financial information from Tesla, Inc. Find Tesla's most recent financial statements as of December 31, 2021. (1) Read Tesla's description of its revenue recognition policy with regard to automotive sales (with and without resale value guarantee) in Note 2. According to the description, does Tesla recognize the full price of the automotive at the time of initial sale? For the following questions, you will infer the percentage of transaction price Tesla defers in its automotive sales transactions, using information in pages 55-56. The flow will be similar to what you have seen in class (the Apple example). (2) How much is Tesla's revenues from automotive sales for cal 2021? Include all revenues from automotive sales regardless of whether there is a resale value guarantee. (3) How much of your answer to (2) is recognition of deferred revenue? Given that answer, how much is Teslas revenues from fiscal 2021 automotive sales recognized immediately at the time of initial sale? (4) How much deferred revenue did Tesla newly recognize from its fiscal 2021 automotive sales? (5) Given your answers to (3) and (4), what percentage of transaction price does Tesla defer in its automotive sales transactions