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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.
[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). Part 2 of 4 4.34 points $ 4,650 580 8,700 2,970 1,220 20 eBook 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 31, 2017) Salaries and Wages Expense Supplies Ticket Revenues Print References 14,370 260 130 3,100 6,950 1,200 5,780 3,280 680 17,100 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 $5,370 (million) at January 1, 2017. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10.).)
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