accounts payable . 1 ,731 . other assets 2 , 581

accounts receivable 845 other liabilities 3 , 107

aircraft fuel expense . 2 ,536 . other operating expenses 2 , 145

cash 2,213 . other revenue . 336

contributed capital 2,153 . property and equipment 10 , 874

dividends 14 . repairs and maintenance expense 616

income tax expense 413 . retained earnings (as of december 31 , 2007) . 4 , 788

interest expense 69 . salaries expense . 3, 213

landing fees expense 560 . supplies . 259

notes payable 4 , 993 . ticket revenues . 9 , 861

1 .prepare income statement for the year ended December 31,2007

2 .Prepare a statement of retained earnings for the year ended December 31 ,2007

tip : assume the balance in retained was 4,157 (milion) at January 1 ,2007

3 . Prepare a balance sheet at December 31 , 2007

4 . using the balance sheet , indicate whether the total assets of southwest airline at the end of the year were financed primarily by liabilities or stockholders equity