[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 16,650 380 320 Interest Expense 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 Ticket Revenues 775 26,600 M1-16 Part 2 2. Prepare a statement of retained earnings for the year ended December 31, 2017. TIP: Assume the balance in Retained Earnings was $5,365 (million) at January 1, 2017. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10.).) NATIONAL AIRWAYS, INC. Statement of Retained Earnings (Amounts in millions) Retained Earnings, January 1, 2017 Retained Earnings, December 31, 2017 $ 5,365