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Obj. 2 The following comparative income statement (in thousands of dollars) for two recent fiscal years was adapted from the annual report of Speedway Excel

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Obj. 2 The following comparative income statement (in thousands of dollars) for two recent fiscal years was adapted from the annual report of Speedway Excel Motorsports, Inc., owner and operator of several major motor speedways, such as the Atlanta, Texas, and Las Vegas Motor Speedways. Real World Current Year Previous Year $100,694 146,980 217,469 31,320 $496,463 $100,798 146,849 207,369 29,293 $484,309 Revenues: Admissions Event-related revenue NASCAR broadcasting revenue Other operating revenue Total revenues Expenses and other: Direct expense of events NASCAR event management fees Other direct operating expenses General and administrative Total expenses and other Income from continuing operations $104,303 133,682 19,541 177,926 $435,452 $ 61,011 $102,196 128,254 18,513 194,120 $443,083 $ 41,226 Current Year Previous Year $100,694 146,980 217,469 31,320 $496,463 $100,798 146,849 207,369 29,293 $484,309 Revenues: Admissions Event-related revenue NASCAR broadcasting revenue Other operating revenue Total revenues Expenses and other Direct expense of events NASCAR event management fees Other direct operating expenses General and administrative Total expenses and other Income from continuing operations $104,303 133,682 19,541 177,926 $435,452 $ 61,011 $102.196 128,254 18,513 194,120 $443,083 $ 41,226 a. Prepare a comparative income statement for these two years in vertical form, stating each item as a percent of revenues. Round percentages to one decimal place. Answer + b. Comment on the significant changes

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