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Required information [The following information applies to the questions displayed below.] The following information was reported in the December 31 financialstatements of National Airways, Incorporated

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Required information [The following information applies to the questions displayed below.] The following information was reported in the December 31 financialstatements of National Airways, Incorporated (listed alphabetically, amounts in millions). 2. Prepare a statement of retained earnings for the year ended December 31. TIP: Assume the balance in Retained Earnings was $5,385 (million) at January 1. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10.).) NATIONAL AIRWAYS, Incorporated Statement of Retained Earnings (Amounts in millions) Retained Earnings, January 1 \begin{tabular}{|lr} \hline$5,385 \\ \hline \end{tabular}

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