Question: Please correct Check my work mode: This shows what is correct or incorrect for the work you how Required information [The following information applies to

Check my work mode: This shows what is correct or incorrect for the work you how Required information [The following information applies to the questions displayed below.] The following information was reported in the December 31, 2017, financial statements of National Airways, Inc. (listed alphabetically, amounts in millions). Accounts Payable Accounts Receivable Aircraft Fuel Expense Cash Common Stock Dividends Equipment Income Tax Expense Interest Expense Landing Fees Expense Notes Payable Repairs and Maintenance Expense Retained Earnings (as of December 31, 2017) Salaries and wages Expense Supplies Ticket Revenues $ 4,405 630 9,200 3,020 1,245 20 14,970 240 180 3,600 6,975 1,700 6,789 3,355 785 19,600 1. Prepare an income statement for the year ended December 31, 2017. (Enter your answers in millions (i.e., 10,000,000 should entered as 10.).) tudent Hom... Dashboard W Workday to MSIMnet keep L.T. ... Check my work mode: This shows what is correct or 2 of 3 Dividends Equipment Income Tax Expense Interest Expense Landing Fees Expense Notes Payable Repairs and Maintenance Expense Retained Earnings (as of December 31, 2017) Salaries and Wages Expense Supplies Ticket Revenues 20 14,970 240 180 3,600 6,975 1,700 6,700 3,355 705 19,600 1. Prepare an income statement for the year ended December 31, 2017. (Enter your answers in entered as 10...) Answer is complete but not entirely correct. NATIONAL AIRWAYS, INC. Income Statement For the Year Ended December 31, 2017 (Amounts in millions) Revenues Ticket Revenues $ 19,600 Accounts Payable % 3,020 X Total Revenues 22,620 Expenses Ticket Revenues 4,405 Aircraft Fuel Expense 9.200 Landing Fees Expense 3,600 Salaries and Wages Expense 3,355 Repairs and Maintenance Expense 1,700 Income Tax Expense 240 Interest Expense 180 Total Expenses 22.680 Net Income S (10.625) OOOOOOOO Proy
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