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). 1. Prepare an income statement for the year ended December 31. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10.).)