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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

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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 Tees Expense Notes Payable Repairs and Maleitenance Expense Retaned Earnings (as of December 31, 2017) Salaries and Wages Expense Supplies Ticket Revenues $ 4,155 700 9.90 3,090 1,280 15 15,810 310 250 4,300 7,010 2,400 7,895 3.460 740 23.100 2. Prepare a statement of retained earnings for the year ended December 31, 2017 TIP: Assume the balance in Retained Earnings was $5.430 (million) at January 1, 2017 (Enter your answers in millions (ie, 10,000,000 should be entered as 10.).) NATIONAL AIRWAYS, INC. Statement of Retained Earnings Amounts in millions) Retained Earningo, January 1, 2017 S 5,430 Retained Estnings, December 31, 2017 5 6.430

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