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Required information [The following information applies to the questions displayed below.] The following information was reported in the December 31, 2017, financial statements of National

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Required information [The following information applies to the questions displayed below.] The following information was reported in the December 31, 2017, financial statements of National Airways, Inc. (listed alphabetically, amounts in millions). Accounts Payable Accounts Receivable Aircraft Fuel Expense Cash Common Stock Dividends Equipment Income Tax Expense Interest Expense Landing Fees Expense Notes Payable Repairs and Maintenance Expense Retained Earnings (as of December 31, 2017) Salaries and Wages Expense Supplies Ticket Revenues $ 4,650 580 8,700 2,970 1, 22e 20 14,370 260 130 3,100 6,95 1,200 5,780 3,280 4 680 17,100 o RH Ticket Revenues Check my work 11, 3. Prepare a balance sheet at December 31, 2017 (Enter your answers in millions (i.e., 10,000,000 should be entered as 10.).) NATIONAL AIRWAYS, INC. Balance Sheet For the Year Ended December 31, 2017 (Amounts in millions) 0 CO o search OBRE 4:54 PM 8/27/202

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