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E1-6 at Inc. Preparing a Statement of Earnings and Inferring Missing Values Corus Entertainment Inc. is a Canadian integrated media and entertainment company that delivers
E1-6 at Inc. Preparing a Statement of Earnings and Inferring Missing Values Corus Entertainment Inc. is a Canadian integrated media and entertainment company that delivers engaging, interactive, and 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, 2018. (Hint: First order the items as they would appear on the statement of earnings and then solve for the missing values.) $ 559,846 127,346 (758,163) ? Cost of sales Interest expense Net earnings (loss) Revenues Depreciation and amortization expenhe Income tax expense Total expenses, excluding income taxes Other expenses and losses General and administrative expenses Earnings (loss) before income tax 81,861 88,129 ? 1,036,455 511,873
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