M1-16 (Algo) Preparing an Income Statement, Statement of Retained Earnings, and Balance Sheet [LO 12, LO 1-3] [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). M1-16 (Algo) Part 3 3. Prepare a balance sheet at December 31. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10.).)