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Tesla, Inc. provided the following financial data for the year 2023: Item Amount Net Income $6,500,000 Depreciation Expense $1,500,000 Increase in Accounts Receivable $500,000 Decrease

Tesla, Inc. provided the following financial data for the year 2023:

Item

Amount

Net Income

$6,500,000

Depreciation Expense

$1,500,000

Increase in Accounts Receivable

$500,000

Decrease in Inventory

$550,000

Increase in Accounts Payable

$450,000

Dividends Paid

$950,000

Purchase of Equipment

$2,550,000

Sale of Land

$1,250,000

Prepare the cash flow statement using the indirect method for Tesla, Inc. for the year ending December 31, 2023.

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