Question
Northeast Cinema, Incorporated, operates movies and food concession counters throughout the United States. Its income statement for the quarter ended June 30, 2019, reported
Northeast Cinema, Incorporated, operates movies and food concession counters throughout the United States. Its income statement for the quarter ended June 30, 2019, reported the following (accounts are listed alphabetically in thousands): Admissions Revenue Concessions Expenses Concessions Revenue Film Rental Expenses Income Tax Expense $ 482,600 39,200 309,000 255,100 41,100 Office Expenses 254,900 85,300 Salaries and Wages Expense 73,500 ? Rent Expense Net Income (Loss) Required: 1. Solve for the missing amount by preparing an income statement for the quarter ended June 30, 2019. (Enter your answers in thousands.) NORTHEAST CINEMA, Incorporated Income Statement (in thousands)
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