1. Wayne Corporation had the following revenue and expense account balances (in millions) for a recent year ending May 31:

   Depreciation Expense	$1,430
   Fuel Expense	4,991
   Maintenance and Repairs Expense	2,431
   Other Expense (Revenue) Net	7,722
   Provision for Income Taxes	1,244
   Purchased Transportation	1,859
   Rentals and Landing Fees	2,703
   Revenues	38,181
   Salaries and Employee Benefits	13,628

   Prepare an income statement.

   Wayne Corporation
   Income Statement
   For the Year Ended May 31 (in millions)
   Fuel expense Net income Net loss Rentals and landing fees Revenues		$
   Expenses:
   Accumulated depreciation Net income Net loss Revenues Salaries and employee benefits	$
   Net income Net loss Prepaid insurance Purchased transportation Revenues
   Cash Fuel expense Net income Net loss Revenues
   Accumulated depreciation Net income Net loss Rentals and landing fees Revenues
   Cash Depreciation expense Net loss Net income Revenues
   Accumulated depreciation Maintenance and repairs expense Net income Net loss Revenues
   Accumulated depreciation Net income Net loss Provision for income taxes Revenues
   Accumulated depreciation Net income Net loss Other expense (revenue) net Revenues
   Total expenses
   Net income Net loss		$