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You will be using the Consolidated Statements of Operations (Income Statement) on page 66, the Consolidated Balance Sheets on page 65, and the Consolidated Statements

You will be using the Consolidated Statements of Operations (Income Statement) on page 66, the Consolidated Balance Sheets on page 65, and the Consolidated Statements of Redeemable Noncontrolling Interests and Equity (statement of stockholders' equity). Please remember that from the Redeemable Noncontrolling Interests and Equity statement you need only the Retained Earnings portion from the most recent year. Also, Tesla has had repeated net losses, resulting in what is normally retained earnings being referred to as "Accumulated Deficit". In this transaction analysis, record the transactions and adjustments described below directly into the financial statements. Start with the three financial statements entering the December 31, 2019 numbers for those financials. Be sure to format the financials correctly, and use formulas for totals and subtotals. Then record the transactions and adjustments, using a column to record each, to the right of the /31/19 numbers. As transactions are recorded, be sure the financial statements are updated accordingly, arriving at final balances after all transactions have been recorded. Amounts below are in $millions. 


a) A look at the Statement of Operations shows that Tesla has several revenue streams, the largest being automotive sales. Automotive sales has its cost of sales counterpart below "Cost of revenues" and Automotive leasing also has a cost of sales counterpart several lines down. Please record additional Automotive sales of $2,000 with the cost of revenue being $1,200 and additional Automotive leasing of $130 with the cost of revenue being $55. These were cash revenues. On the balance sheet reduce inventories for both costs of revenue. 


b) Incurred additional Selling, general and administrative expenses, on account, $158.


 c) Had additional Services and other revenues of $800. Customers signed 3-month, 8% notes receivable. Record the notes receivable in "MyPower customer notes receivable". 


d) Three months later, received payment plus interest on the notes receivable in "c" above. 


e) An analysis of accounts receivable results in an estimate that 9% of accounts receivable will not be collected. Please record the adjustment. f) Purchased $1,100 of Property, plant, and equipment, paying $200 cash and signing a long-term note payable for the balance. 


g) Recorded depreciation on Property, plant and equipment, of $980. 


h) Additional income taxes of $46 were incurred and will be paid later, record a liability and the additional income taxes. Use Provision for income taxes on the Statement of Operations. December 31. 2018 3,686 193 949 3.113 8,307 2,090 6,271 11,330 282 68 422 398 572 29,740 12.102 Tesla, Inc. Consolidated BalaTesla, Inc. Consolidated Statements of Operations (in millions, except per share data) Year Ended December 31, 2018 2019 2017Tesla, Inc. Consolidated Statements of Redeemable Noncontrolling Interests and Equity (in millions, except per share data) Re

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