The following information was reported in the December 31, 2012, financial statements of Southwest Airlines, Inc. (listed alphabetically, amounts in millions).

1. Prepare an income statement for the year ended December 31, 2012.
2. Prepare a statement of retained earnings for the year ended December 31, 2012.
3. Prepare a balance sheet  at December 31, 2012.
4. Using the balance sheet,  indicate whether the total assets of Southwest Airlines at the end of the year were financed primarily by liabilities or stockholders equity.

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Accounts Payable 130 3100 6950 1,200 5,780 3.280 680 17,100 $4,650 Interest Expense Landing Fees Expense Notes Payable ts Receivable 580 Aircraft Fuel Expense Cash Common Stock Dividends Equipment Income Tax Expense 8,700 2,970 Repairs and Maintenance Expense 1.220 Retained Eamings (as of December 31, 2012) 20 Sries and Wages Expense 14,370 Supplies 260 Ticket Revenues