During 2021, Peoria Airlines paid salary expense of $40.8 million. At December 31, 2021, Peoria accrued...

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During 2021, Peoria Airlines paid salary expense of $40.8 million. At December 31, 2021, Peoria accrued salary expense of $2.3 million. Peoria then paid $2.6 million to its employees on January 3, 2022, the company's next payday after the end of the 2021 year. For this sequence of transactions, show what Peoria would report on its 2021 income statement and on its balance sheet at the end of 2021. Complete the table below to show what Peoria would report on its 2021 income statement. (Enter amount in millions as provided to you in the problem statement, $X.X.) 2021 (amount in Income Statement account millions) During 2021, Peoria Airlines paid salary expense of $40.8 million. At December 31, 2021, Peoria accrued salary expense of $2.3 million. Peoria then paid $2.6 million to its employees on January 3, 2022, the company's next payday after the end of the 2021 year. For this sequence of transactions, show what Peoria would report on its 2021 income statement and on its balance sheet at the end of 2021. Complete the table below to show what Peoria would report on its 2021 income statement. (Enter amount in millions as provided to you in the problem statement, $X.X.) 2021 (amount in Income Statement account millions)