please help with question 3. thanks for your help

D 12 Months Ended 2 Horizontal Analysis Consolidated Balance Sheets - USD ($) $ in Thousands Dec. 31, 2018 Dec 31, 2017 S Change 2017 to 2018 % Change 2017 to 2018 0 5 Current assets 6 Cash and cash equivalents 7. Receivables (net of allowance for doubtful accounts of $15,905 and $12,221, respectively) 8 Income taxes receivable 9 Notes receivable, net of allowances 10 Other current assets 11 Total current assets 12 Property and equipment, at cost, net 13 Goodwill 14 Intangible assetsnet 15 Notes receivable, net of allowances 16 Investments, employee benefit plans, at fair value 17 Investments in unconsolidated entities 18 Deferred income taxes 19 Other assets 20 Total assets 21 Current liabilities 22 Accounts payable 23 Accrued expenses and other current liabilities 24 Deferred Revenue 25 Liability for guest loyalty program 26 Current portion of long-term debt Instructions 10-K Document Questions Income Statement $26,642 $138,018 $10,122 $36,759 $32,243 $243,784 $127,535 $168,996 $271,188 $83,440 $19,398 $109,016 $30,613 $84,400 $1,138,370 $235,336 $125,870 S0 $13,256 $25,967 $400,429 $83,374 $80,757 $100,492 $80,136 $20,838 $134,226 $27,224 $67,715 $995,191 -$208,694.00 $12.148. 00 510,122. 00 $23,503.00 $6,276.00 -$156,645.00 $44,161.00 $88,239.00 $170,696.00 $3,304.00 -$1,440.00 -$25,210.00 $3,389.00 $16,685.00 $143,179.00 88.68% 9 65 .00% 177-30% 24.17% 39.12% 52.97% 109.26% 169.86% 4.1296 -6.91% 18.78% 12.45%6 24.64% $73,511 $92,651 $67,614 $83,566 $1,097 Statement of Cash Flows $67,839 $84,315 $52,142 $79,123 $1,232 Ratio Analysis $5,672.00 $8,336.00 $15,472.00 $4,443.00 $135.00 9.896 29.67% 5.6256 10.96% Balance Sheet Type here to search 98% Merge & Center $ % 9 78-98 Conditional Format as Cell Formatting Table Styles Styles Format Clipboard Font Alignment Number C45 B $284,651 $725,292 $318,439 $753,514 $110,278 $24,212 $26,276 $98,459 $33,788.00 $28,222.00 $11,819.00 $1,354.00 -$2,765.00 $39.00 $3,626.00 -$4,947.00 $68,350.00 $25,566 $29,041 $39 $48,701 $42,043 $1,253,792 11879 39 12.00% -5.30% 9.5296 100.00 7.45% 1177.0096 So $52,327 $37,096 $1,322,142 5.452 27 Total current liabilities 28 Long-term debt 29 Long-term portion 30 Deferred compensation and retirement plan obligations 31 Income taxes payable 32 Deferred income taxes 33 Liability for guest loyalty program 34 Other liabilities 35 Total liabilities 36 Commitments and Contingencies Common stock, S0.01 par value; 160,000,000 shares authorized; 95,065,638 shares issued at December 31, 2018 and December 31, 2017; 55,679,207 and 56,679,968 shares outstanding at December 31, 2018 and December 31, 2017, 17 respectively Additional paid-in-capital Accumulated other comprehensive loss O Treasury stock, at cost; 39,386,431 and 38,385,670 shares at December 31, 2018 and December 31, 2017, respectively Retained earnings 42 Total shareholders' deficit 43 Total liabilities and shareholders' deficit $951 $213,170 -$5,446 $1,187,625 $795,178 -$183,7721 $1,138,370 $951 $182,448 $4,699 $1,064,573 $627,272 S 258.601 $995,191 $0.00 $30,722.00 $747.00 $123,052.00 $167.906.00 $74.879.00 $143,179.00 0.00% 16.845 15.90% 11.56% 26.7796 28.94% 14.39% 15 Questions: 16 7 1. Choice Hotels works with franchisees who operate hotels under one of the Choice Hotels' brands such as Cambria Hotels, Sleep Inn, and Econo Lodge. The Balance Sheet lists an account called Property and equil AB is Property and equipment, at cost, net and why was there a significant difference from 2017 to 2018? Property, plant and equipment, at cost, net refers to the sum of tangible fixed assets held/owned by the company which are valued at historical cost of the asset and less depreciation till date. From 2017-2018 it has increased by $44161 which could 19 be due to purchase or addition of property, plant and equipment during the year. Instructions 10-K Document Questions Income Statement Balance Sheet Statement of Cash Flows Ratio Analysis and current Labuty Tor gestoyanty program une tems. Amounts orginally captured in current Deffered revenue and other liabilities have been reclassified 3. Treasury Stock is a negative account that is almost as large as the Total Assets. What would have been the Total Shareholders' Equity if there had been no purchases of Treasury Stock 4. What does the "Long-term debt" item represent? Long term debt represents that portion of a company's borrowings that are not due to be repaid within one year of the balance sheet date. Instructions 10-K Document Questions Income Statement Balance Sheet Statement of Cash Flows Ratio Analysis Type here to search