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Exercise D12-5 Leslie's Burgers operates and franchises fast-food restaurants specializing in grilled hamburgers and chicken sandwiches. The 2015 and 2016 income statements are as follows
Exercise D12-5 Leslie's Burgers operates and franchises fast-food restaurants specializing in grilled hamburgers and chicken sandwiches. The 2015 and 2016 income statements are as follows (in $000s): Year Ended December 31, 2016 December 31, 2015 Total revenues $41,001 $40,183 Expenses Cost of restaurant sales Restaurant operating expenses General and administrative Advertising Depreciation and amortization Impairment of long-lived assets 11,125 16,898 6,818 2,547 2,206 986 40,580 $421 11,066 16,726 5,280 2,652 2,096 Total expenses 37,820 $2,363 Operating income
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