Question: Please help me find the right steps, TYIA. Dropdown 1: At Dec. 31st or For the Year Ended December 31st Dropdown 2: Add: Net Income
Please help me find the right steps, TYIA.


Dropdown 1: At Dec. 31st or For the Year Ended December 31st Dropdown 2: Add: Net Income Add: Net Loss Less: Net Income Less: Net Loss Dropdown 3: Add: Dividends Less: Dividends
M1-16 (Algo) Preparing an Income Statement, Statement of Retained Earnings, and Balance Sheet [LO 12, LO 1-3] [The following information applies to the questions displayed below.] The following information was reported in the December 31 financial statements of National Airways, Incorporated (listed alphabetically, amounts in millions). 2. Prepare a statement of retained earnings for the year ended December 31. TIP: Assume the balance in Retained Earnings was $5,445 (million) at January 1. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10.).)
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