BOOK Show Me How Video Vertical Aslysis of Income Statement The following comparative Income statement in thousands of dollars) for two recent years wie dicted from the report of Speedway Motorsports, Inc. (TRK), cwner and operator of several major motor spendys. Such as the Atlanta, Bristol Charlotte, Texas, and Las Vegas Motor Speedways Year 2 Year 1 Revenue $100.196 $100,7 Adressions Ewted revenue NASCAR broadcasting 146,00 146.849 217,469 207,369 other coating JI, 320 24.293 54.463 Expenses and other 104.03 ${102.1961 Directen of events NASCAR ventes (133.6822 (1) (46125 General and administrat Total expenses $(542,692) $(443,083) Income (loss) from continuing operations $ (46.229) 541,226 Note: General a administrative expenses for Year 2 include malement of goodwill of $98,868. The impairment of goodwill discussed in Chapter 7. a. Prepare a comparative income statement for Years 1 and 2 in vertical form, stating each item as a percent of revenues. Round percentage answers to one decimal place. Speedway Motorsports, Inc. Comparative Income Statement (in thousands of dollars) For the Years Ended Year 2 and Year 1 Year 2 amount Year 2 percent Year 1 amount Year 1 percent Revenues: Admissions $100.694 5100,798 Event-related revenue 145.980 146,849 NASCAR broadcasting revenue 217,469 207.359 Other operating revenue 31.320 29,293 Total revenue $496,463 5484.309 1* Expenses and other Direct expense of events NASCAR event management fees Other directe General and administrative $[104.303) (133.682) (19,841 (255.166) 5(102.196) (120.254 (18.513) [194.120) 5483,083) Total expenses Income (ostro continuing operations 5(542.692) (46.229) $41,226