Cinemark Holdings, Inc., operates movies and food concession counters throughout the United States. Its income statement for the quarter ended September 30, 2016, reported the following (accounts are listed alphabetically in thousands):

Required:

1. Solve for the missing amount by preparing an income statement for the quarter ended September 30, 2016.

2. What are Cinemark’s main source of revenue and two biggest expenses?

Transcribed Image Text:

Admissions Revenue Concessions Expenses Concessions Revenue Office Expenses Rent Expense $472,800 $202,900 41,900 82,800 Salaries and Wages Expense Net Income 295,700 84,500 Film Rental Expenses Income Tax Expense 249,800 40,900