Millions
Accounts Payable       $1,731    Other Assets $ 2,581
Accounts Receivable       845    Other Liabilities 3,107
Aircraft Fuel Expense    2,536 Other Operating Expenses 2,145
Cash                            2,213 Other Revenue          336
Contributed Capital       2,153 Property and Equipment 10,874
Dividends                      14       Repairs and Maintenance Expense 616
Income Tax Expense    413    Retained Earnings (as of December 31, 2007)4,788
Interest Expense             69    Salaries Expense    3,213
Landing Fees Expense 560    Supplies    259
Notes Payable             4,993    Ticket Revenues 9,861
1. Prepare an income statement for the year ended December 31, 2007.
2. Prepare a statement of retained earnings for the year ended December 31, 2007. TNP: Assume the balance in retained earnings was $4,157 (million) at January 1, 2007.
3. Prepare a balance sheet at December 31, 2007.
4. Using the balance sheet, indicate whether the total assets of Southwest Airlines at the end of the year were financed primarily by liabilities or stockholders' equity.

Millions Accounts Payable&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp...

Millions Accounts Payable &nbsp...