Question
Here's the income statement from a small company for Q2 2022 (dollar values in thousands of dollars): Q2 2022 Q2 2021 Revenue $314,304 $177,766 Operating
Here's the income statement from a small company for Q2 2022 (dollar values in thousands of dollars):
Q2 2022 | Q2 2021 | |
Revenue | $314,304 | $177,766 |
Operating expenses: | ||
-Production | $98,979 | $273,940 |
-Sales & marketing | $546,465 | $555,563 |
-Development | $611,177 | $90,312 |
-General & administrative | $519,650 | $292,687 |
Suppose this is the unaudited income statement. Later, the audited income statement indicates that production expenses were actually 8 percent larger than originally reported. No other estimates changed. By how much, in thousands of dollars, would operating income fall in Q2 2022 as a result of this revision? Please express your answer as a whole number (i.e., 300 for $300,000). Also, since I've specified it's a fall in operating income, you can skip putting in the negative sign here.
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