Cineplex Entertainment operates movie theatres and food concession counters throughout Canada. Assume its income statement for the quarter ended September 30, 2017, reported the following (listed alphabetically, amounts in thousands of dollars): 

Required: 

1. Solve for the missing amounts and prepare an income statement for the quarter ended September 30, 2017. First put the items in the order they would appear on the income statement and then solve for the missing values. 

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

Transcribed Image Text:

Admissions Revenues $455,700 Net Income ? Concessions Expenses 25,500 Other Expenses $233,800 Concessions Revenues 188,900 Other Revenues 31,200 Film Rental Expenses Rent Expense Total Expenses 247,000 90,000 Selling and Administrative Expenses 65,700 ?