Tesla Inc.'s Trial Balance as of December 31, 2023:

Account Title	Debit ($)	Credit ($)
Cash	100,000
Accounts Receivable	80,000
Inventory	120,000
Equipment	200,000
Accumulated Depreciation		30,000
Accounts Payable		60,000
Notes Payable		90,000
Common Stock		150,000
Retained Earnings		100,000
Sales Revenue		300,000
Salaries Expense	50,000
Rent Expense	40,000
Utilities Expense	20,000
Insurance Expense	30,000
Dividends	35,000

Requirements:

1. Prepare the adjusted trial balance for Tesla Inc.
2. Prepare the income statement for the year ended December 31, 2023.
3. Prepare the statement of retained earnings for the year ended December 31, 2023.
4. Prepare the balance sheet as of December 31, 2023.
5. Identify any discrepancies and explain how they should be rectified.