You can also use the 'wir' form, but invert the subject and verb. This is extremely common in addition the two options above. Examples:
Gehen wir ins Kino.
Sehen wir einen Film an.
Kochen wir Frühstück.
You can also add "mal" after the subject and verb to add a flavor of politeness to the suggestion.
Gehen wir mal ins Kino.
Las uns mal ins Kino gehen.
Was hältst du davon, mal ins Kino zu gehen.
This is a bit colloquial, but very common.