Review the following excerpt from the 2015 consolidated statement of income for Southwest Airlines Co. Answer the questions that follow.

Analyze:
1. Although the format for the heading of an income statement can vary from company to company, the heading should contain the answers to who, what, and when. List the answers to each question for the statement presented above.
2. What three types of revenue are reflected on this statement?
3. The net income of $2.181 billion reflected on Southwest Airlines Co.'s consolidated statement of income for 2015 will be transferred to the next financial statement to be prepared. Net income is needed to complete which statement?
Analyze Online: Find the Investor Relations section of the Southwest Airlines Co. website (www.southwest.com) and answer the following questions.
4. What total operating revenues did Southwest Airlines Co. report for the most recent quarter?

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Southwest Airlines Co. Consolidated Statement of Income Years Ended December 31, 2015 and 2014 2015 2014 Operating Revenues (in millions) Passenger Freight Other $18,299 $17,658 175 772 18» 179 1,342 Total operating revenues Net Income $2,181 $1,136