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The following information was reported in the December 3 1 financial statements of National Airways, Incorporated ( listed alphabetically, amounts in millions ) . Accounts

The following information was reported in the December 31 financial statements of National Airways, Incorporated (listed alphabetically, amounts in millions).
Accounts Payable $4,015
Accounts Receivable 780
Aircraft Fuel Expense 10,700
Cash 3,170
Common Stock 1,320
Dividends 55
Equipment 16,770
Income Tax Expense 390
Interest Expense 330
Landing Fees Expense 5,100
Notes Payable 7,050
Repairs and Maintenance Expense 3,200
Retained Earnings (as of December 31)9,115
Salaries and Wages Expense 3,580
Supplies 780
Ticket Revenues 27,100
Prepare a statement of retained earnings for the year ended December 31. TIP: Assume the balance in Retained Earnings was $5,370(million) at January 1
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