BA211 Homework 22 Ch 17) eBook Print Item Income from continuing operations $56,745 $32,868 a. Prepare a comparative income statement for these two years in vertical form, stating each item as a percent of revenues. Round to one decimal place. Enter all amounts as positive numbers. Calvin Motorsports, Inc. Comparative Income Statement (in thousands of dollars) For the Years Ended December 31 Current Year Amount Current Year Percent Prior Year Amount Prior Year Percent Revenues: Admissions $107,670 % $120,516 % Event-related revenue 137,740 % 146,412 % NASCAR broadcasting revenue 186,725 % 176,790 % Other operating revenue 52,865 % 54,282 % Total revenue $485,000 % $498,000 % Expenses and other: Direct expense of events $99,425 10 $101,592 % NASCAR event management fees 121,250 10 % 121,512 % Other direct operating expenses 16,490 % 28,884 % General and administrative 191,090 % 213,144 % Total expenses and other $428,255 % $465,132 % Income from continuing operations $56,745 % $32,868 % b. While overall revenue some between the two years, the overall mix of revenue sources did change somewhat. The NASCAR broadcasting revenue total revenue by 3 percentage points, while the percent of admissions revenue to total revenue significantly improved because of as a percent of by 2 percentage points. Overall, it appears that income from continuing operations has