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During 2021, Quanta Airlines paid salary expense of $412 million. At December 31, 2021, Quanta accrued salary expense of $2.0 million Quant then paid $2.6

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During 2021, Quanta Airlines paid salary expense of $412 million. At December 31, 2021, Quanta accrued salary expense of $2.0 million Quant then paid $2.6 million to its employees January 3, 2022, the company's next payday after the end of the 2021 year. For this sequence of transactions, show what Quanta would report on its 2021 income statement and on its balance sheet at the end of 2021. Complete the table below to show what Quanta would report on its 2021 income statement. (Enter amount in milions on provided to you in the problem statement, SXX) 2021 (amount in Income Statement account millions)

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