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Tesla, Inc. has the following information for the year ended December 31, 2023: Account Amount Sales Revenue $5,000,000 Cost of Goods Sold $3,000,000 Operating Expenses

Tesla, Inc. has the following information for the year ended December 31, 2023:

Account

Amount

Sales Revenue

$5,000,000

Cost of Goods Sold

$3,000,000

Operating Expenses

$1,200,000

Interest Expense

$150,000

Income Tax Expense

$250,000

Prepare an income statement for Tesla, Inc. and calculate the gross margin and net income for the year ended December 31, 2023.

 

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