Tesla Inc.'s Financial Summary for 2023:

Income Statement Data:

• Sales Revenue: $53,823,000
• Cost of Goods Sold: $34,500,000
• Research and Development: $2,000,000
• Selling, General and Administrative: $5,250,000
• Interest Expense: $1,200,000
• Tax Rate: 22%

Requirements:

1. Prepare the Income Statement for Tesla Inc. for 2023.
2. Compute the Gross Margin.
3. Calculate the Operating Income.
4. Determine the Net Income after taxes.
5. Assess the operating profit margin for Tesla Inc.