Required information M1-16 (Algo) Preparing an Income Statement, Statement of Retained Earnings, and Balance Sheet [LO 1-2, 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). Accounts Payable Accounts Receivable Aircraft Fuel Expense Cash Common Stock Dividends Equipment Income Tax Expense $4,520 600 8,900 2,990 1,230 30 14,610 210 Interest Expense 150 Landing Fees Expense- 3,300 Notes Payable 6,960 Repairs and Maintenance Expense 1,400 Retained Earnings (as of December 31) 6,180 Google Chrome Salaries and Wages Expense 3,310 Supplies 690 Ticket Revenues 18,100 Professional Repair Ser Search for Contractor Re on consumeranswers.com archonlineinfo.com NATIONAL AIRWAYS, Incorporated Income Statement For the Year Ended December 31 (Amounts in millions) 0 0