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Cineplex Entertainment operates movie theatres and food concession counters throughout Canada. Assume its income statement for the quarter that ended September 3 0 , 2

Cineplex Entertainment operates movie theatres and food concession counters throughout Canada. Assume its income statement for the quarter that ended September 30,2020, reported the following (listed alphabetically, amounts in thousands of dollars):
Admissions Revenues $ 488,500
Concessions Expenses 29,000
Concessions Revenues 220,900
Film Rental Expenses 272,600
Selling and Administrative Expenses 77,700
Net Income ?
Other Expenses 253,000
Other Revenues 34,000
Rent Expense 91,100
Total Expenses ?
Required:
1. Solve for the missing amounts and prepare an income statement for the quarter ended September 30,2020.(Enter your answers in thousands.)
2-a. Select the Cineplexs main source of revenue?
multiple choice 1
Sales revenues
Concessions revenues
Service revenues
Unearned revenues
Admissions revenues
2-b. Select the Cineplexs biggest expense?
multiple choice 2
Rent expense
General and administrative expenses
Concessions expenses
Other expenses
Film rental expenses

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