The accounting records of JetAway Airlines reveal the following for the year ended September 30, 2008 (amounts in thousands:

a. Prepare a comparative balance sheet for JetAway Airlines as of September 30, 2008, and September 30, 2007 in the format used in Exhibit 1.1. Classify each balance sheet item into one of the following categories: current assets, noncurrent assets, current liabilities, noncurrent Liabilities, and shareholders' equity.
b. Prepare an income statement for JetAway Airlines for the year ended September 30, 2008. Separate income items into revenues and expenses.
c. Prepare a schedule explaining the change in retained earnings between September 30, 2007, and September 30,2008.

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September 30 Balance Sheet Items 2008 2007 $ 157,415 $ 156,755 Accounts Payable Accounts Receivable Cash... 88,799 73,448 378,511 418,819 Common Stock 352,943 449,934 Current Maturities of Long-Term Debt Inventories . Long-Term Debt 11,996 7,873 50,035 65,152 623,309 871,717 Other Current Assets . 73,586 56,810 Other Current Liabilities 681,242 795,838 Other Noncurrent Assets 4,231 12,942 Other Noncurrent Liabilities 984,142 844,116 Property. Plant, and Equipment (net) Retained Earnings 4,137,610 5,008,166 2,044,975 2,385,854 For the Year Ended Income Statement Items September 30, 2008 Fuel Expense .. Interest Expense S 892,415 22,883 Interest Income 14,918 Maintenance Expense Other Operating Expenses 767,606 1,938,753 Sales Revenue 4,735,587 .... Salaries and Benefits Expense. 1,455,237