On December 31 of the current year, Bell Sports received a bank statement dated December 30. Information has been obtained from the bank statement and from the records of the business. Prepare a bank statement reconciliation. Use Dec. 31 of the current year as the date.

By 2020, automobile market analysts expect that the demand for electric autos will increase as buyers become more familiar with the technology. however, the costs of producing electric autos may increase because of higher costs for inputs (e.g., rare earth elements), or they may decrease as the manufacturers learn better assembly methods (i.e., learning by doing). what is the expected impact of these changes on the equilibrium price and quantity for electric autos?