580 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 $ 4,650 Accounts Receivable Aircraft Fuel Expense 8,700 Cash 2,970 Common Stock 1,220 Dividends 20 Equipment 14,370 Income Tax Expense Interest Expense 130 Landing Fees Expense 3,100 Notes Payable 6,950 Repairs and Maintenance Expense 1,200 Retained Earnings (as of December 31) 5,780 Salaries and Wages Expense 3,280 Supplies 680 Ticket Revenues 17,100 260 Required: 1. Prepare an income statement for the year ended December 31. (Enter your answers in millions (ie., 10,000,000 should be entered as 10.).) Answer is not complete. NATIONAL AIRWAYS, Incorporated Income Statement X Answer is not complete. NATIONAL AIRWAYS, Incorporated Income Statement For the Year Ended December 31 (Amounts in millions) Revenues Ticket Revenues $ 17,100 17,100 8,700 130 Expenses Aircraft Fuel Expense Interest Expense Landing Fees Expense Repairs and Maintenance Expense Salaries and Wages Expense Income Tax Expense 3,100 1,200 3,280 260 Total Expenses 16,670