can you please answer #2 and #3

S660. 00 889 $0 $603,000 $0 $2,590,000 $148,679,000 -$48,715,000 $173,000 $41,360,000 -$129,417,000 $207,773,000 $9,807,000 $48,651,000 $24,237,000 $14,107,000 $135,777,000 $31,482,000 $988,000 L $550,000 $284,000 -$35,926,000 $46,182,000 $0 $12,951,000 $44,084,000 $9,484,000 Principal payments on long-term debt Proceeds from other debt agreements Debt issuance costs Purchases of treasury stock Dividends paid Proceeds from transfer of interest in notes receivable Proceeds from exercise of stock options Net cash used in financing activities Net change in cash and cash equivalents Effect of foreign exchange rate changes on cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period Cash payments during the year for: Income taxes, net of refunds Interest, net of capitalized interest Non cash investing and financing activities: Dividends declared but not paid Investment in property, equipment and intangibles acquired in accounts payable and accrued liabilities Sale of investment in unconsolidated joint venture Seller-financing to purchaser -$921,000 $235,336,000 $26,642,000 $1,391,000 $202,463,000 $235,336,000 $462,000 $193,441,000 $202,463,000 $77,357,000 $43,254,000 $39,181,000 $42,405,000 $65,683,000 $41,992,000 % $11.977,000 $12,185,000 $12,112,000 $5,949,000 $o $0 $1,099,000 $0 $2,000,000 $3,648,000 $2,350,000 Questions: 89 1. When you examine the Statement of Cash Flows, you recognize an Asset Acquisition. What business did Choice Hotels acquire in 2016? And how much did Choice Hotels spend? Hint: See the page 51 in the 10-k report. Cambria Hotels The aggregate purchase price was $29.0 million consisting of $28.7 million cash with additional $0.3 million of current liabilities assumed. In addition the company incurred S05 million in acquisition related costs, which were expensed in the period 2. What does the "Investment in intangible assets item representa 3. What does the "Principal payments on long-term debt" item represent? Dec. 31, 2018 Dec. 31, 2017 Dec. 31, 2016 WN $216,355,000 $122,327,000 $106,712,000 $14,330,000 $6,680,000 $6,996,000 $20,609,000 $7,191,000 $20,663,000 $6,423,000 SO Consolidated Statements of Cash Flows CASH FLOWS FROM OPERATING ACTIVITIES Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization Depreciation and amortization - marketing and reservation system Franchise agreement acquisition cost amortization Impairment of goodwill Gain on disposal of assets, net Provision for bad debts, net Non-cash stock compensation and other charges Non-cash interest and other investment (income) loss Deferred income taxes Equity in net losses from unconsolidated joint ventures, less distributions received Franchise agreement acquisition cost, net of reimbursements Change in working capital and other, net of acquisition Net cash provided by operating activities CASH FLOWS FROM INVESTING ACTIVITIES Investment in property and equipment Investment in intangible assets Proceeds from sales of assets Asset acquisition, net of cash acquired Business acquisition, net of cash acquired Contributions to equity method investments Distributions from equity method investments $19,597,000 $9,239,000 $4,289,000 -$56,000 $10,542,000 $15,986,000 $3,695,000 $3,510,000 -$237,000 $5,514,000 $22,857,000 $772,000 $57,106,000 -$571,000 $3,365,000 $15,346,000 $1,059,000 $29,723,000 NNS SUL 00 $7,389,000 -$52,929,000 $2,031,000 $242,896,000 $6,579,000 -$30,638,000 $40,158,000 $257,374,000 $1,025,000 $17,410,000 $38,150,000 $152,035,000 -$47,673,000 -$1,803,000 $3,053,000 -$3,179,000 -$231,317,000 $9,604,000 $1.429.000 -$23,437,000 -$2,517,000 $1,000,000 SO $0 -$50,554,000 $4.569. -$25,191,000 -$2,580,000 $11,462,000 -$28,583,000 -$1,341,000 -$34,661,000 2 700 nool $35,926,000 $46,182,000 $148,679,000 $48,715,000 $173,000 $41,360,000 -$129,417,000 -$207,773,000 $9,807,000 -$18,651,000 $24,237,000 $14,107,000 -$135,777,000 $31,482,000 $12,951,000 -$14,084,000 $9,484,000 Purchases of treasury stock Dividends paid Proceeds from transfer of interest in notes receivable Proceeds from exercise of stock options Net cash used in financing activities Net change in cash and cash equivalents Effect of foreign exchange rate changes on cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period Cash payments during the year for: Income taxes, net of refunds Interest, net of capitalized interest Non-cash investing and financing activities: Dividends declared but not paid Investment in property, equipment and intangibles acquired in accounts payable and accrued liabilities Sale of investment in unconsolidated joint venture Seller-financing to purchaser $921,000 $235,336,000 $26,642,000 $1,391,000 $202,463,000 $235,336,000 $462,000 $193,441,000 $202,463,000 $77,357,000 $43,254,000 $39,181,000 $42,405,000 $65,683,000 $41,992,000 $11,977,000 $12,185,000 $12,112,000 $5,949,000 $0 $0 $1,099,000 $0 $2,000,000 $3,648,000 $2,350,000 $0 min992 Questions: 1. When you examine the Statement of Cash Flows, you recognize an Asset Acquisition. What business did Choice Hotels acquire in 2016? And how much did Choice Hotels sper Instructions 10-K Document Questions income Statement Balance Sheet Statement of Cash Flows Ratio Analysis Type here to search Be L . e W X So Distributions from equity method investments $1,429,000 $4,569,000 $3,700,000 Purchases of investments, employee benefit plans $2,895,000 $2,447,000 -$1,661,000 Proceeds from sales of investments, employee benefit plans $2,825,000 $2,245,000 $1,911,000 Issuance of notes receivable $36,045,000 $19,738,000 $32,604,000 Collections of notes receivable $4,997,000 $655,000 $11,070,000 Other items, net -$1,040,000 $109,000 $11,000 Net cash used in investing activities $321,252,000 $90,115,000 $98,467,000 CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from issuance of long term debt $9,037,000 Net (repayments) borrowings pursuant to revolving credit facilities $20,600,000 $115,003,000 $25,795,000 Principal payments on long-term debt $603,000 -$660,000 $988,000 Proceeds from other debt agreements $550,000 Debt issuance costs -$2,590,000 $0 $284,000 Purchases of treasury stock -$148,679,000 -$9,807,000 $35,926,000 Dividends paid -$48,715,000 $48,651,000 $46,182,000 Proceeds from transfer of interest in notes receivable $173,000 $24,237,000 Proceeds from exercise of stock options $41,360,000 $14,107,000 $12,951,000 Net cash used in financing activities -$129,417,000 -$135,777,000 -$44,084,000 Net change in cash and cash equivalents $207,773,000 $31,482,000 $9,484,000 Effect of foreign exchange rate changes on cash and cash equivalents -$921,000 $1,391,000 -S462,000 Cash and cash equivalents at beginning of period $235,336,000 $202,463,000 $193,441,000 Cash and cash equivalents at end of period $26,642,000 $235,336,000 $202,463,000 Cash payments during the year for: income taxes, net of refunds $77,357,000 $39,181,000 $65,683,000 Interest, net of capitalized interest $43,254,000 $42,405,000 $41,992,000 Non-cash investing and financing activities: Dividends declared but not paid $11,977,000 $12,185,000 $12,112,000 instructions 10-K Document Questions Income Statement Balance Sheet Statement of Cash Flows So Ratio Analysis