Consolidated Statements of 3 Months Ended 6 Months Ended Income - USD (S) $ in Jun. 30, Jun. 30, Jun. 30, 2018 Jun. 30, 2017 Royalty fees Initial franchise and relicensing 12.5% 6,4815,728 12,695 1783314,372 157347 140,477 27,771 264,348 21,735 239,330 Marketing and reservation system 8,840 295441 261,016 10,561 17,392 449884 $54,951 504835 12.2% OPERATING EXPENSES Selling, general and administrative Depreciation and amortization Marketing and reservation system Total operating expenses Gain on sale of land and building, net 46,270 44,038 87,134 659 136,568 128,780 3,385 236,774 3,669 6,722 255,796 73.2% 186,507 174,477 349,652 317,942 109,01686,539 155,265 131,942 OTHER INCOME AND EXPENSES, Interest incame Other gains Equity in net (income) loss of 705 11,280 1,643)(1438) (576 859 23,014 3,252) (383 5,401 22,485 (2,702 (1,473 2,939 (503 (567 Total other income and expenses, net Income before income taxes 8,99210,125 24,780 21,249 10,693 35,739 74,954 100,02476,414 130,485 25,560 $ 104,925 1.85 17.9% 28.5% 40.0% 20,18525,729 come taxes Net income Basic earnings per share (in dollars per share) Diluted earnings per share (in dollars per share) Cash dividends declared per share (in dollars per share) $ 79,839 | MMMMMMMM 141$0.90 140 0.89 1.32 0.2150.215 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 1C-Q document. Note that al dollar amounts are in thousands of dollars. So a net income of $104,925 really means 104,925,000. We don't need the last three zeros 1. In US dollars ($l, 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. Answer 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 operating 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 defidits generated from marketing and reservation system activities Has the comparny earned a profit in past from marketing and reservation system? Does it intend to do so in the future? Answer NOTE: This is how financial analysts use SEC documents. They look at numbers and look for an explanation in the words. There is more explanation on page 11 in the footnote that begins Marketing and reservation systen expenses are those expenses incurred to facilitate the delivery of marketing and reservation system service. Consolidated Statements of 3 Months Ended 6 Months Ended Income - USD (S) $ in Jun. 30, Jun. 30, Jun. 30, 2018 Jun. 30, 2017 Royalty fees Initial franchise and relicensing 12.5% 6,4815,728 12,695 1783314,372 157347 140,477 27,771 264,348 21,735 239,330 Marketing and reservation system 8,840 295441 261,016 10,561 17,392 449884 $54,951 504835 12.2% OPERATING EXPENSES Selling, general and administrative Depreciation and amortization Marketing and reservation system Total operating expenses Gain on sale of land and building, net 46,270 44,038 87,134 659 136,568 128,780 3,385 236,774 3,669 6,722 255,796 73.2% 186,507 174,477 349,652 317,942 109,01686,539 155,265 131,942 OTHER INCOME AND EXPENSES, Interest incame Other gains Equity in net (income) loss of 705 11,280 1,643)(1438) (576 859 23,014 3,252) (383 5,401 22,485 (2,702 (1,473 2,939 (503 (567 Total other income and expenses, net Income before income taxes 8,99210,125 24,780 21,249 10,693 35,739 74,954 100,02476,414 130,485 25,560 $ 104,925 1.85 17.9% 28.5% 40.0% 20,18525,729 come taxes Net income Basic earnings per share (in dollars per share) Diluted earnings per share (in dollars per share) Cash dividends declared per share (in dollars per share) $ 79,839 | MMMMMMMM 141$0.90 140 0.89 1.32 0.2150.215 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 1C-Q document. Note that al dollar amounts are in thousands of dollars. So a net income of $104,925 really means 104,925,000. We don't need the last three zeros 1. In US dollars ($l, 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. Answer 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 operating 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 defidits generated from marketing and reservation system activities Has the comparny earned a profit in past from marketing and reservation system? Does it intend to do so in the future? Answer NOTE: This is how financial analysts use SEC documents. They look at numbers and look for an explanation in the words. There is more explanation on page 11 in the footnote that begins Marketing and reservation systen expenses are those expenses incurred to facilitate the delivery of marketing and reservation system service