can u please answer #1 and 4 with that attached sheet. thanks.

Dec 31, 2017 12 Months Ended Dec. 31, 2016 Schange 2017 to 2018 % Change 2017 to 2018 s Change 2016 to 2017 % Change 2016 to 2017 8% 17% $341,745,000 $23,038,000 $40,451,000 $499,625,000 $36,438,000 $941,297,000 13% $317,699,000 $19,720,000 $35,844,000 $409,120,000 $25,526,000 $807,909,000 $34,931,000.00 $3,034,000.00 $11,637,000.00 $44,052,000.00 $6,353,000.00 $100,007,000.00 $10 $13 $29 $9 $24,046,000.00 $3,318,000.00 $4,607,000.00 $90,505,000.00 $10,912,000.00 $133,388,000.00 $17 $11 526 $165,821,000 $6,680,000 $479,400,000 $651,901,000 $154,720,000 $6,996,000 S459,765,000 $621,481,000 494 Horizontal Analysis Consolidated Statements of income - USD ($) Dec 31, 2018 REVENUES: Royalty fees $376,676,000 Initial franchise and relicensing fees $26,072,000 Procurement services $52,088,000 Marketing and reservation system $543,677,000 Other $42,791,000 Total revenues $1,041,304,000 OPERATING EXPENSES: Selling, general and administrative $170,027,000 Depreciation and amortization $14,330,000 Marketing and reservation system $534, 266,000 Total operating expenses $718,623,000 Impairment of goodwill -$4,289,000 Gain on sale of assets, net $82,000 Operating income $318,474,000 OTHER INCOME AND EXPENSES, NET: Interest expense $45,908,000 Interest income -$7.452.000 Other (pain) loss $1,437,000 Equity in net (income) loss of affiliates $5,323,000 Total other income and expenses, net $45,216,000 Income before income taxes $273,258,000 Income taxes $56,903,000 Net income $216,355,000 Basic earnings per share: Basic earnings per share fin dollars per share) $3.83 Diluted earnings per share (in dollars per share) S3.80 Instructions 10-K Document Questions Income Statement $4,206,000.00 $7,650,000.00 $54,866,000.00 $66,722,000.00 $4,289,000.00 -$175,000.00 $28,821,000.00 $3 $115 $11 $10 $0 1968) $11,101,000.00 $316,000.00 $19,635,000.00 $30,420,000.00 $0.00 $370,000.00 $102,598,000.00 52 So -59% $257,000 $289,653,000 $627,000 S187,055,000 S10 55% $2 $26 $45,039,000 $5,920,000 $3,229,000 $4,546,000 $40,436,000 $249,217,000 $126,890,000 $122,327,000 S44,446,000 $3,535,000 $1,504,000 $492,000 $38,915,000 $148,140,000 $41,428,000 $106,712.000 $869,000.00 $1,532,000.00 $4,666,000.00 $777,000.00 $4,780,000.00 $24,041,000.00 $69,987,000.00 $94,028,000.00 $593,000.00 -$2,385,000.00 $1,725,000.00 55,038,000.00 $1521,000. 00 $101,077,000.00 585,462,000.00 $15,615,000.00 4 67% 115% 1024% % 6836 206% 15% $77 S2.16 $2.15 Balance Sheet $1.90 $1.89 Statement of Cash Flows $1.67 $1.65 Ratio Analysis $77 $77 14% 142 50.26 $0.26 Type here to search O e L ee 1. Many of Choice Hotels income Statement accounts have remained consistent for the past 3 years. However, there is a notable difference from 2017 to 2018 in the Procurement Services revenue. What caused this difference? Hint: See page 41 in the 10 K report The increase in revenues primarily reflects the 2. In comparing year-over-year expenses, there is a significant change in Depreciation and Amortization expense. What caused this change? Hint: See page 44 of the 10-K report The change in Depreciation and Amortization is due to the acquisition of WSFS on February 1, 2018. Amortization totaling $7.0 million was recorded related to the portion of the purchase price acllocated to the contract asset acquisition costs 3. There is a significant decrease in income taxes in 2018 from previous years. What caused this decrease in income taxes? Hint: See page 45 of the 10-K report. The effective income tax rate for the year ended December 31, 2018 was lower than the U. 5. federal income tax rate of 21.0% due to excess tax benefit from share-based compensation and the impact of foreign operations, partially offset by the impact of state income taxes. 4. The largest item in revenue and in expense is Marketing and reservation system. What are these two items and why are the numbers different? Hint: See page 56 in the MD&A Marketing and Reservation system: $534,266.00 Total operating expenses: $718,623.00 These numbers are different because marketing and reservationssystem is simply a portion Instructions 10K Document Questions Income Statement Balance Sheet Statement of Cash Flows Ratio Analysis Type here to search Dec 31, 2017 12 Months Ended Dec. 31, 2016 Schange 2017 to 2018 % Change 2017 to 2018 s Change 2016 to 2017 % Change 2016 to 2017 8% 17% $341,745,000 $23,038,000 $40,451,000 $499,625,000 $36,438,000 $941,297,000 13% $317,699,000 $19,720,000 $35,844,000 $409,120,000 $25,526,000 $807,909,000 $34,931,000.00 $3,034,000.00 $11,637,000.00 $44,052,000.00 $6,353,000.00 $100,007,000.00 $10 $13 $29 $9 $24,046,000.00 $3,318,000.00 $4,607,000.00 $90,505,000.00 $10,912,000.00 $133,388,000.00 $17 $11 526 $165,821,000 $6,680,000 $479,400,000 $651,901,000 $154,720,000 $6,996,000 S459,765,000 $621,481,000 494 Horizontal Analysis Consolidated Statements of income - USD ($) Dec 31, 2018 REVENUES: Royalty fees $376,676,000 Initial franchise and relicensing fees $26,072,000 Procurement services $52,088,000 Marketing and reservation system $543,677,000 Other $42,791,000 Total revenues $1,041,304,000 OPERATING EXPENSES: Selling, general and administrative $170,027,000 Depreciation and amortization $14,330,000 Marketing and reservation system $534, 266,000 Total operating expenses $718,623,000 Impairment of goodwill -$4,289,000 Gain on sale of assets, net $82,000 Operating income $318,474,000 OTHER INCOME AND EXPENSES, NET: Interest expense $45,908,000 Interest income -$7.452.000 Other (pain) loss $1,437,000 Equity in net (income) loss of affiliates $5,323,000 Total other income and expenses, net $45,216,000 Income before income taxes $273,258,000 Income taxes $56,903,000 Net income $216,355,000 Basic earnings per share: Basic earnings per share fin dollars per share) $3.83 Diluted earnings per share (in dollars per share) S3.80 Instructions 10-K Document Questions Income Statement $4,206,000.00 $7,650,000.00 $54,866,000.00 $66,722,000.00 $4,289,000.00 -$175,000.00 $28,821,000.00 $3 $115 $11 $10 $0 1968) $11,101,000.00 $316,000.00 $19,635,000.00 $30,420,000.00 $0.00 $370,000.00 $102,598,000.00 52 So -59% $257,000 $289,653,000 $627,000 S187,055,000 S10 55% $2 $26 $45,039,000 $5,920,000 $3,229,000 $4,546,000 $40,436,000 $249,217,000 $126,890,000 $122,327,000 S44,446,000 $3,535,000 $1,504,000 $492,000 $38,915,000 $148,140,000 $41,428,000 $106,712.000 $869,000.00 $1,532,000.00 $4,666,000.00 $777,000.00 $4,780,000.00 $24,041,000.00 $69,987,000.00 $94,028,000.00 $593,000.00 -$2,385,000.00 $1,725,000.00 55,038,000.00 $1521,000. 00 $101,077,000.00 585,462,000.00 $15,615,000.00 4 67% 115% 1024% % 6836 206% 15% $77 S2.16 $2.15 Balance Sheet $1.90 $1.89 Statement of Cash Flows $1.67 $1.65 Ratio Analysis $77 $77 14% 142 50.26 $0.26 Type here to search O e L ee 1. Many of Choice Hotels income Statement accounts have remained consistent for the past 3 years. However, there is a notable difference from 2017 to 2018 in the Procurement Services revenue. What caused this difference? Hint: See page 41 in the 10 K report The increase in revenues primarily reflects the 2. In comparing year-over-year expenses, there is a significant change in Depreciation and Amortization expense. What caused this change? Hint: See page 44 of the 10-K report The change in Depreciation and Amortization is due to the acquisition of WSFS on February 1, 2018. Amortization totaling $7.0 million was recorded related to the portion of the purchase price acllocated to the contract asset acquisition costs 3. There is a significant decrease in income taxes in 2018 from previous years. What caused this decrease in income taxes? Hint: See page 45 of the 10-K report. The effective income tax rate for the year ended December 31, 2018 was lower than the U. 5. federal income tax rate of 21.0% due to excess tax benefit from share-based compensation and the impact of foreign operations, partially offset by the impact of state income taxes. 4. The largest item in revenue and in expense is Marketing and reservation system. What are these two items and why are the numbers different? Hint: See page 56 in the MD&A Marketing and Reservation system: $534,266.00 Total operating expenses: $718,623.00 These numbers are different because marketing and reservationssystem is simply a portion Instructions 10K Document Questions Income Statement Balance Sheet Statement of Cash Flows Ratio Analysis Type here to search