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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 financial statements of National Airways, Incorporated listed alphabetically, amounts in millions
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
Salaries and Wages Expense
Supplies
Ticket Revenues
Prepare a statement of retained earnings for the year ended December TIP: Assume the balance in Retained Earnings was $million at January
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