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Tesla Inc. Financial Information for the Year Ended December 31, 2022: Income Statement: Sales : $8,000,000 Cost of Goods Sold : $5,200,000 Selling Expenses :

Tesla Inc. Financial Information for the Year Ended December 31, 2022:

Income Statement:

Sales: $8,000,000

Cost of Goods Sold: $5,200,000

Selling Expenses: $1,200,000 (Depreciation: $250,000)

Interest Expense: $75,000

Gain on Sale of Equipment: $55,000

Income Tax Expense: $180,000

Balance Sheet:

Item

12/31/2022

12/31/2021

Cash

$900,000

$600,000

Accounts Receivable

$400,000

$350,000

Inventory

$750,000

$670,000

Accounts Payable

$550,000

$480,000

Additional Information:

Equipment sold for $200,000 (original cost $300,000, carrying value $180,000).

New equipment purchased for $150,000.

Dividends declared and paid: $250,000.

Treasury shares purchased: 1,000 shares for $100,000.

Requirements:

Calculate cash flows from operating activities.

Calculate cash flows from investing activities.

Calculate cash flows from financing activities.

Determine the ending cash balance.

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