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Tesla, Inc. has the following balances as of December 31, 2023: Cash: $3,400,000 Accounts Receivable: $6,700,000 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: $3,400,000
  • Accounts Receivable: $6,700,000
  • 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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