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5 Part 1 of 3 0.28 points i ellook Pr References Required information [The following information applies to the questions displayed below.] The following information

5 Part 1 of 3 0.28 points i ellook Pr References Required information [The following information applies to the questions displayed below.] The following information was reported in the December 31 financial statements of National Airways, Incorporated (listed alphabetically, amounts in millions). Accounts Payable Accounts Receivable Aircraft Fuel Expense Cash Common Stock Dividends Equipment Income Tax Expense $4,005 750 10,400 3,140 1,305 40 16,410 360 Interest Expense 300 Landing Fees Expense 4,800 Notes Payable 7,035 Repairs and Maintenance Expense 2,900 Retained Earnings (as of December 31) 8,720 Salaries and Wages Expense 3,535 Supplies 765 Ticket Revenues 25,600 Ticket Revenues 25,600 Part 1 of 3 1. Prepare an income statement for the year ended December 31. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10.).) 0.28 points eBook Print References NATIONAL AIRWAYS, Incorporated Income Statement For the Year Ended December 31 (Amounts in millions)

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