M1-16 Preparing an Income Statement, Statement of Retained Earnings, and Balance Sheet LO 1-2,quad1-3 The following information was reported in the December 31 financial statements of National Airways. Inc. (listed alphabetically, amounts in millions). {:[" Accounts Payable ",$4","650," Interest Expense ",$130],[" Accounts Receivable ",580," Landing Fees Expense ",3","100],[" Aircraft Fuel Expense ",8.700," Notes Payable ",6.950],[" Cash ",2.970," Repairs and Maintenance Expense ",1.200],[" Common Stock ",1","220," Retained Earnings (as of December 31) "],[" Dividends ",20," Salaries and Wages Expense ",5.780],[" Equipment ",14.370," Supplies ",3.280],[" Income Tax Expense ",260," Ticket Revenues ",680]:} Prepare an income statement for the year ended Decemb