eAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator-&inprogress=false eBook Calculator Vertical Analysis of Income Statement The following comparative Income statement (in thousands of dollars) for two recent fiscal years was adapted from the annual report of Speedway Motorsports, Inc., owner and operator of several major motor speedways, such as the Atlanta, Texas, and Las Vegas Motor Speedways. Current Year Previous Year Revenues: Admissions $116,034 $130,239 Event-related revenue 151,562 163,621 NASCAR broadcasting revenue 192,662 185,394 Other operating revenue 29,902 26,951 Total revenues $490,160 $506,205 $101,402 122,950 Expenses and other Direct expense of events NASCAR purse and sanction fees Other direct expenses General and administrative Total expenses and other Income from continuing operations 18,908 183,215 $426,475 $106,204 120,146 20,352 241,223 $487,925 $18,280 $63,685 a. Prepare a comparative income statement for these two years in vertical form, stating each item as a percent of revenues. Enter al amounts as positive numbers. (Note: Due to rounding amounts may not total 100%). Round your percentages to one decimal place, Check My Work Previous Next All work saved Ementator Submit Assignment for Grade O AD 854 PM 921200 film/takeAssignment/takeAssignmentMain.do?irwokerStakeAssignmentSessionLocator=&inprogress=false eBook Calculator Round your percentages to one decimal place. Speedway 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 $116,034 % $130,239 % Event-related revenue 151,562 % 163,621 % NASCAR broadcasting revenue 192,662 % 185,394 % Other operating revenue 29,902 % 26,951 % Total revenues $490,160 % $506,205 % Expenses and other: Direct expense of events $101,402 $106,204 % NASCAR purse and sanction fees 122,950 % 120,146 Other direct expenses 18,906 20,352 96 General and administrative 183,215 241,223 96 Total expenses and other $426,475 5487,925 Income from continuing operations $63,685 $18,280 Feedback Check My Work a. For each year, show each item as a percentage of total revenues Check My Work