The following questions are about Delta Airlines Company

a.How many shares are outstanding for Delta? Shares outstanding is equal to shares issued less shares in treasury stock.

b.Create a t-account for retained earnings including the effect of the net income attributable to Delta and dividends. Use the statement of shareholders equity to identify what additional item for Delta prevents the normal relationship of retained earnings = retained earnings last year + net income attributable to the firm -dividends.

some info

net income 2019:$4767 2018:$3935 2017: $3205

cash dividents: 2019:980 2018:909 2017:731

Delta Airlines financials

LIABILITIES AND STOCKHOLDERS' EQUITY S S Current Liabilities: Current maturities of debt and finance leases Current maturities of operating leases Air traffic liability Accounts payable Accrued salaries and related benefits Loyalty program deferred revenue Fuel card obligation Other accrued liabilities Total current liabilities 2,287 801 5.116 3.266 3,701 3,219 736 1,078 20,204 1,518 955 4,661 2,976 3,287 2,989 1,075 1,117 18,578 Noncurrent Liabilities: Debt and finance leases Pension, postretirement and related benefits Loyalty program deferred revenue Noncurrent operating leases Deferred income taxes, net Other noncurrent liabilities Total noncurrent liabilities 8,873 8,452 3.509 5,294 1,456 1.386 28,970 8,253 9,163 3,652 5.801 163 969 28,001 Commitments and Contingencies Stockholders' Equity: Common stock at S0.0001 par value; 1,500,000,000 shares authorized, 651,731,443 and 688,136,306 shares issued at December 31, 2019 and 2018, respectively Additional paid-in capital Retained earnings Accumulated other comprehensive loss Treasury stock, at cost, 8,959,730 and 8,191,831 shares at December 31, 2019 and 2018, respectively Total stockholders' equity Total liabilities and stockholders' equity The accompanying notes are an integral part of these Consolidated Financial Statements. 11,129 12,454 (7,989) (236) 15,358 64,532 11,671 10,039 (7.825) (198) 13,687 60,266 $