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Requlred Information (The following information applies to the questions displayed below.] The following information was reported in the December 31, 2017, financial statements of National
Requlred 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). $ 4,285 679 9.688 3.068 1.265 40 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 15,450 280 220 4.ee 6.995 2.199 7.360 3,415 725 21,600 2. Prepare a statement of retained earnings for the year ended December 31, 2017. TIP: Assume the balance in Retained Earnings was $5.415 (million) at January 1, 2017. (Enter your answers in millions (.e., 10,000,000 should be entered as 10.).) 2. Prepare a statement of retained earnings for the year ended December 31, 2017. TIP: Assume the balance in Retained Earnings was $5.415 (million) at January 1, 2017. (Enter your answers in millions (.e., 10,000,000 should be entered as 10.).) NATIONAL AIRWAYS, INC. Statement of Retained Earnings (Amounts in millions) Retained Earnings, January 1, 2017 5.415 Retained Earnings. December 31, 2017 S 5 .415
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