Required information [The following information applies to the questions displayed below.] The following information was...
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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). $ 3,975 760 10,500 3,150 1,310 21 Accounts Payable Accounts Receivable Aircraft Fuel Expense Cash comma 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 20 16,530 370 310 4,900 7,040 3,000 8,885 3,550 770 26,100 3. Prepare a balance sheet at December 31, 2017. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10.).) NATIONAL AIRWAYS, INC. Balance Sheet At December 31, 2017 (Amounts in millions) Assets Cash | $ Accounts Receivable 3,150 760 770 0 16,530 21,210 Equipment Total Assets $ Liabilities 0 0 0 $
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