Tesla, Inc. provided the following financial data for the year 2023: Item Amount Net Income $6,000,000 Depreciation
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Question:
Tesla, Inc. provided the following financial data for the year 2023:
Item | Amount |
Net Income | $6,000,000 |
Depreciation Expense | $1,000,000 |
Increase in Accounts Receivable | $600,000 |
Decrease in Inventory | $500,000 |
Increase in Accounts Payable | $450,000 |
Dividends Paid | $900,000 |
Purchase of Equipment | $2,500,000 |
Sale of Land | $1,200,000 |
Prepare the cash flow statement using the indirect method for Tesla, Inc. for the year ending December 31, 2023.
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