Ch 1 HW, Part 1 6 Required information Part 2 of 3 028 points 0445 Saved [The following information applies to the questions displayed below] The following information was reported in the December 31 financial statements of National Airways, Incorporated (isted alphabetically, amounts in millions). Accounts Payable Accounts Receivable Aircraft Fuel Expense Cash Common Stock Dividends Equipment Income Tax Expense 14,375 640 9,300 3,030 1,250 25 15,000 250 ellook Interest Expense Landing Fees Expense Notes Payable Print References Repairs and Maintenance Expense Retained Earnings (as of December 31) Salaries and Wages Expense Supplies Ticket Revenues 3,700 6,988 1,800 6,865 3,370 710 20,100 2. Prepare a statement of retained earnings for the year ended December 31. TIP: Assume the balance in Retained Earnings was $5,400 (million) at January 1. Enter your answers in millions (i.e., 10,000,000 should be entered as 10.3.) NATIONAL AIRWAYS, Incorporated Help Save & Exit Submit Check my work 0.28 points Equipment Income Tax Expense Interest Expense Landing Fees Expense 198 Notes Payable 3,700 S Repairs and Maintenance Expense 6,980 Salaries and Wages Expense Retained Earnings (as of December 31) 1,800 6,865 Supplies 3,378 Ticket Revenues 710 20,100 look 01 2. Prepare a statement of retained earnings for the year ended December 31, TIP: Assume the balance in Retained Earnings was $5,400 (million) at January 1. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10.).) Mc Graw NATIONAL AIRWAYS, Incorporated Statement of Retained Earnings For the Year Ended December 31 (Amounts in millions) Retained Eamings, January 11 Retained Eamings, December 311 5,400 < Prev 6 7 of 16 Next > MacBook Air Ch 1 HW, Part 10 education.com P 6 Part 2 of 3 028 2 10 ] References (The following information applies to the questions displayed below] The following information was reported in the December 31 financial statements of National Airways, Incorporated isted alphabetically, amounts in millions) Accounts Payable. Accounts Receivable Aircraft Fuel Expense Cash Common Stock Dividends Equipment Income Tax Expense $4,375 640 9,300 3,030 1,250 25 15,000 250 Interest Expense 190 Landing Fees Expense 3,700 Notes Payable 6,900 Repairs and Maintenance Expense 1,800 Retained Earnings (as of December 311 6,865 Salaries and Wages Expense 3,370 710 20,100 Supplies Ticket Revenues 2. Prepare a statement of retained eamings for the year ended December 31, TIP Assume the balance in Retained Earnings was $5,400 (million) at January 1. (Enter your answers in millions (ie., 10,000,000 should be entered as 10.3.) NATIONAL AIRWAYS, Incorporated Statement of Retained Earnings Mc Graw Hall For the Year Ended December 31 (Amounts in millions) Retained Eamings, January 1 $ 5,400 Retained Eamings, December 31 < Prev of 16 Next > +88 ME-OW Part Help Save & Exit Submit Check my work