1. Tesla, Inc. issues preferred stock worth $25,000,000.
2. Tesla, Inc. purchases inventory on credit for $8,000,000.
3. Tesla, Inc. sells vehicles for $18,000,000 in cash.
4. Tesla, Inc. pays $2,500,000 for marketing expenses.
5. Tesla, Inc. pays $3,000,000 in salaries.
6. Tesla, Inc. receives $2,500,000 in cash for services rendered.
7. Tesla, Inc. buys machinery for $4,500,000 cash.
8. Tesla, Inc. incurs $700,000 in maintenance expenses.
9. Tesla, Inc. declares and pays dividends of $1,800,000.
10. Tesla, Inc. records $900,000 in depreciation expense.

1. Record those transactions in a journal.
2. Prepare a trial balance.
3. Prepare an income statement for the year ended.
4. Prepare a balance sheet for the year ended.