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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,

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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 $ 4,045 770 10,600 3,160 1,315 50 16,650 380 Interest Expense 320 Landing Fees Expense 5,000 Notes Payable 7,045 Repairs and Maintenance Expense 3,100 Retained Earnings (as of December 31, 2017) 8,950 Salaries and Wages Expense 3,565 Supplies 775 Ticket Revenues 26,600

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