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Tesla, Inc. has the following balances as of December 31, 2023: Cash: $3,200,000 Accounts Receivable: $6,500,000 Prepaid Insurance: $1,000,000 Equipment: $20,000,000 Accumulated Depreciation: $12,000,000 Accounts
Tesla, Inc. has the following balances as of December 31, 2023:
- Cash: $3,200,000
- Accounts Receivable: $6,500,000
- Prepaid Insurance: $1,000,000
- Equipment: $20,000,000
- Accumulated Depreciation: $12,000,000
- Accounts Payable: $6,500,000
- Salaries Payable: $1,000,000
- Common Stock: $9,000,000
- Retained Earnings: $7,560,000
Prepare a classified balance sheet for Tesla, Inc. as of December 31, 2023.
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