ebook Print Rem 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 $78,332 586,949 Event-related revenue 140,210 133,632 NASCAR broadcasting revenue 216,592 209,155 26,780 28,622 Other operating revenue $461,914 $458,358 Total revenues Expenses and other: 5101,876 $98,973 Direct expense of events NASCAR event management fees 123,212 119,101 18,502 18,782 Other direct operating expenses 164,949 177,132 General and administrative 5408,539 $413,90 Total expenses and other $53,375 $44,370 Income from continuing operations - Prepare a comparative Income statement for these two years in vertical form, stating each item as a percent of revenues. Enter all amounts as positive numbers (Not Due to rounding, amounts may not total 100%) Round your percentages to one decimal place. Speedway Motorsports, Inc. eBook Print Item 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 % $86,949 Admissions $78,332 140,210 9 Event-related revenue 133,632 216,592 209,155 NASCAR broadcasting revenue 26,780 28,622 Other operating revenue $461,914 5458,358 Total revenues Expenses and other $98,973 Direct expense of events $101,676 119,101 NASCAR event management fees 123,212 18,502 18,782 Other direct operating expenses 177,132 99 164,949 General and administrative $408,539 $413,988 Total expenses and other $53,375 9 $44,370 Income from continuing operations b. Overall revenue revenue some between the two years, accompanied by a slight change in the overall mix of revenue sources. The NASCAR broadcasting by 1.3% of total revenue, while event-related revenue by 12% of total revenue, NASCAR event management fees, ty 0.7% of total revenue. General and administrative expenses, however, by over 2.9% of total revenue. It appears that has helped the company significantly improve its income from continuing operations