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Required information M1-16 Preparing an Income Statement, Statement of Retained Earnings, and Balance Sheet [LO 1-2, LO 1- 3] [The following information appliles to the

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Required information M1-16 Preparing an Income Statement, Statement of Retained Earnings, and Balance Sheet [LO 1-2, LO 1- 3] [The following information appliles to the questions displayed below) The following information was reported in the December 31, 2017, financial statements of National Alrways, Inc. (listed alphabetically, amounts in millions). $ 4,315 660 Accounts Payable Accounts Receivable Aircraft Fuel Expense 9,500 3,05e 1,260 Cash Connon Stock Dividends 35 15,330 270 Equipnent Income Tax Expense 210 Interest Expense Landing Fees Expense Notes Payable Repairs and Maintenance Expense Retained Earnings (as of Decenber 31, 2017)X Salaries and Wages Expense Supplies 3,900 6,990 2,000 7,195 3,400 720 ces 21,100 Ticket Revenues M1-16 Part 1 1. Prepare an income statement for the year ended December 31, 2017. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10.).) NATIONAL AIRWAYS, INC. Income Statement (Amounts in millions)

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