The financial statements of Aritzia Inc. are presented in Appendix A at the end of this textbook. (b) How much depreciation on its property and equipment did Aritzia record in 2018 and 2017? (Enter answers in thousands.)

		Depreciation
2017		$
2018		$

Aritzia Inc Consolidated Statements of Operations For the years ended Rebruary 25, 2018 and February 26, 2017 in thousands of Canadian dollars, except number of shares and per share amounts) February 25, 2018 February 26, 2017 Net revenue $743.47 S67.181 Cost of goods sold 15 447,776 Grompet Operating expenses Selling, general and administrative 183.857 178.773 Stock-based compensation expense 17.240 103.044 Income (e) from operations Finance expertise 15 5.221 10.455 Other expense (income.net 1.890 Income (los) before income taxes 87.283 (25.387) Income tax expense 16 30,190 30.722 Net income (loss) $(56.109 Net income (lo) per share Basic $ 0.32 Diluted 14 049 Weighted average number of shares outstanding (thesande) 110.10 104,787 Diluted 14 116.30 104.787 Aritzia Inc Consolidated Statements of Comprehensive Income (Loss) For the years ended February 25, 2018 and February 24, 2017 in thousands of Canadian dollars) February 25, 2018 Net income (less) $57.09 Other comprehensive loss Items that are may be reclassified subsequently to net income Foreign currency translation adjustment (187) Comprehensive income (less) February 26, 2017 S96.100) Aritzia Inc. Consolidated Statements of Cash Flows For the years ended February 25, 2018 and bury 26, 2017 in thousands of Canadian dollars) Note February 25, 2015 February 24, 2017 $(56.109) 22. 21.14 10455 103.044 13.15 17.340 (2.317) (233) (199) 30,190 30.722 RA 144379 117.473 IROS 2014 157,392 Operating activities Net income os) for the year Adjustments for Depreciation and mortation Finance pense Stock based compensation expense Amortization of deferred rent Amortization of deferred as indicaments Unrealized foreign exchange gain on forward contracts Other Income tax expense Proceeds from deferred lease inducements Cash generated belowe non-cash working capital balances and interest and income tus Net change in non-canhworking capital balances Cash generated before interest and income taxes Interest paid Income taxes paid Net cash generated from operating activities Financing activities Repayment of long term debt Repyment of lease cliptions Payment of financing fees Proceeds from options essed Net cash used in financing activities Investing activities Purchase of property and equipment Purchase of intangible assets Net cash used in investing activities Effect of exchange rate changes on cash and cash equivalents (19.227) (46,720) 105,358 112.102 10 6 10 (15,321) 1925) 10,275 (5,974) (755) (827) 8.013 (5.00) (61.061) (529) (29.07) (1.329) (31.136 (6630) 35 32.95 75941 Increase in cash and cash equivalents Cash and cash equivalents-leginning of year Cash and cash equivalents End of year Supplemental cash flow information (note 20) 79,527 $112.075 $ 79.527