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Corus Entertainment Inc. is a Canadian integrated media and entertainment company that delivers engaging, interactive andhe informative content to millions of people every day. Its

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Corus Entertainment Inc. is a Canadian integrated media and entertainment company that delivers engaging, interactive andhe informative content to millions of people every day. Its television services include Global, Showcase and YTV. It also owns many radio stations in the major Canadian markets. A recent annual statement of earnings contained the following items (in thousands of Canadian dollars). Solve for the missing amounts and prepare a condensed statement of earnings for the year ended August 31, current year. (Hint: First order the items as they would appear on the statement of earnings and then solve for the missing values.) (Enter your answers in thousands of dollars, not in whole dollars. Loss amounts should be indicated with a minus sign.) 6:00 Cost of sales 434 613 Interest expense 54,369 Net earnings 158,650 Revenues Depreciation expense 25, 163 Income tax expense 68,242 Total expenses, excluding income taxes Other expenses and losses 1,043 455 General and administrative expenses 138, 782 Earnings before income tax 226,892

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