Question: E1-6 Preparing an Income Statement and Inferring Missing Values (LO2, L03) Cineplex Entertainment operates movie theatres and food concession counters throughout Canada. Assume its income

E1-6 Preparing an Income Statement and Inferring Missing Values (LO2, L03) 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): Admissions Revenues Concessions Expenses Concessions Revenues Film Rental Expenses Selling and Administrative Expenses Net Income Other Expenses Other Revenues Rent Expense Total Expenses $461,850 31,100 194,900 251,800 67,950 ? 237, 400 32,600 96,300 2 Required: 1. Solve for the missing amounts and prepare an income statement for the quarter ended September 30, 2017 (Enter your answers in thousands.) CINEPLEX ENTERTAINMENT Income Statement For the Quarter Ended September 30, 2017 (in thousands) Revenues Total revenues Expenses Total expenses 2-a. Select the Cineplex's main source of revenue? Sales revenues Service revenues Admissions revenues Unearned revenues Concessions revenues 2-b. Select the Cineplex's biggest expense? Film rental expenses Rent expense Other expenses General and administrative expenses Concessions expenses
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