3 Months Ended 6 Months Ended Consolidated Statements of Income USD ($) Jun. 30, Jun. 30, Jun. 30, 2018 Jun. 30, 2017 Merge & Center 103,219 $91,599 Royalty fees Initial franchise and relicensing fees 179,917159,893 11,534 12.5% 6,481 12,695 Pracurement services 1783314372 157347140,477 27,771 264,348 21,735 239,330 Marketing and reservation sys tem Other 8840 95,441 261,016 10,561 20,104 504,835 17,392 449,884 $54,9 otal revenues OPERATING EXPENSES Selling, general and adminis trative 12.2% 46,270 44038 87,134 77,783 Depreciation and amortization Marketing 1,659 136,568 128,780 3,385 236,774 3,669 6,722 255,796 and reservation sys tem 73.2% 186,507174477 349,652 82 317,942 Gain on sale of land and building, net 82 Operating income OTHER INCOME AND EXPENSES, NET 109,016 86,539 155,265 131,942 23,014 3,252) (383 5,401 22,485 (2,702] (1,473 705 280 Other gains Equity in net (income) loss of affiliates (503 (567 (576 859 Total other income and expenses, net 8,99210,125 24,780 21,249 Income before income taxes 100,02476,414 25,729 130,485 25,560 79,83950,685 104,925 1.85 110,693 35,739 74,954 1.33 17.9% 28.5% 40.0% come taxes 20,185 Basic earnings per share (in dollars per share 1410.90 Diluted earnings per share (in dollars per share Cash dividends declared per share (in dollars per share 140 0.89 183 1.32 0.215 $0.215 Consolidated Statements of Income- USD (S) in thousands Please copy and paste all of the sheet titled Consolidated Statements of Income to the right of the questions here. Use this data to answer the following questions. We will use only the six- month ended data. Some questions will require you to use the 10-Q document. Note that al dollar amounts are in thousands of dollars. So a net income of $104,925 really means $104,925,000. We don't need the last three zeros 1. In US dollars ($), how much did total revenue increase from the 6 months ended June 30 2017 to the 6 months ended June 30, 2018? We will use only the six-month figures. What is the percent change? You can copy and paste numbers or click on the cell and type and then click on the number you need. 2a. In the revenues for 2018, what is the amount for marketing and reservation system? In operating expense, what is the amount for arketing and reservation system? Answer: 2b. In past years, the revenue from marketing and reservation system was equal to the marketing and reservation aperating expense. Now open the Documents 10- Data. There is a heading title Recently Adopted Accounting Standards on page 7. On page 8 there is a paragraph that starts "Topic 606 also impacted the Company's accounting for surpluses and deficits generated from marketing and reservation system activities. Has the companny earned a profit in past from marketing and reservation system? Does it intend to do so in the future