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The following comparative income statement (in thousands of dollars) for the two recent fiscal years was adapted from the annual report of Motor Speedways Inc., owner and operator of several major motor speedways. Current Year Previous Year Revenues: Admissions $100,980 $113,344 Event-related revenue 137,115 145,728 NASCAR broadcasting revenue 182,160 171,028 Other operating revenue 74,745 75,900 Total revenues $495,000 $506,000 Expenses and other: Direct expense of events $96,030 $102,718 NASCAR purse and sanction fees 120,285 121,946 Other direct expenses 29,205 28,842 General and administrative 193,050 231,748 Total expenses and other $438,570 $485,254 Income from continuing operations $56,430 $20,746 a. Prepare a comparative income statement these two years in vertical form, stating each item as a percent of revenues. Enter all amounts as positive numbers. (Note: Due to rounding, amounts may not total 100%). Round your percentages to one decimal place. Due to rounding differences, you will need to: 1. Calculate total expenses and other percentage by adding the expense percentages 2. Calculate the income from continuing operations percentage by deducting total expenses and other percentage from total revenue percentage. Motor Speedways 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 $100,980 % $113,344 % Event-related revenue 137,115 % 145,728 % NASCAR broadcasting revenue 182,160 % 171,028 % Other operating revenue 74,745 % 75,900 Total revenues $495,000 % $506,000 % Expenses and other: Direct expense of events $96,030 % $102,718 % NASCAR purse and sanction fees 120,285 % 121,946 % Other direct expenses 29,205 % 28,842 % General and administrative 193,050 231,748 % Total expenses and other $438,570 % $485,254 % % Income from continuing operations $56,430 % $20,746 %