Instructions 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 1 Revenues 5107,124.00 $121,032.00 5 Admissions Event-related revenue 144,096,00 3 17443200 148,092.00 166.296.00 56,58000 NASCAR broadcasting revenue Omer operating revenue 48.348.00 $474,000.00 $492,000.00 592450.00 $94.956.00 Totallever Expenses and other Direct expense of events 10 NUSCAR purse and action fees 11 Other direct expenses General and administrative 119.448.00 17,061.00 188,17800 12742800 18,20400 226812.00 1 Total expenses and other * Income from continuing operations $417,120.00 $56,860.00 $467,400.00 $24.60000 A 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. Rounding instructions a. Comment on the significant changes Income Statement Prepare a comparative Income statement for these two years in vertical form, stating each item as a percent of revenues. Enfor all amounts as positive numbers. Rounding instructions Motor Speedways Inc Comparative Income Statement in thousands of dollars) For the Years Ended December 31 Current Year Current Year Previous Year Previous Year Amount 2 Percent Amount Percent Revenues Admissions 4 $107,124.00 $121,032.00 5 Event-related revenue 144096,00 148,09200 6 NASCAR broadcasting revenue 17443200 1 Other operating revenue 48,348.00 166.296.00 56,580.00 5492.000.00 1 $474,000.00 Total revenue 1000% 1000% $94.956.00 $92,450.00 119.448.00 127,428.00 Expenses and other 10. Direct expense of events 11 NASCAR purse and sanction fees 11 Other direct expenses 11 General and administrative 14 Total expenses and other 1706400 188,178.00 18,204.00 276,812.00 $467,400.00 $417,120.00 $5689000 $24.600.00 15 Income from continuing operations Comment on the significant changes While overall revenue some between the two years, the overall mix of revenue sources did change somewhat. The NASCAR broadcasting revenue as a percent of total revenue by 3 percentage points, while the percent of admissions revenue to total revenue by 2 percentage points. Overall, it appears that income from continuing operations has significantly improved because of