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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

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

a. Speedway Motorsports, Inc.
Comparative Income Statement (in thousands of dollars)
For the Years Ended December 31
Current Year Prior Year
Revenues: Amount Percent Amount Percent
Admissions $ 90,639 $ 100,694
Event-related revenue 136,900 146,980
NASCAR broadcasting revenue 224,227 217,469
Other operating revenue 60,390 31,320
Total revenue $ 512,156 $ 496,463
Expenses and other:
Direct expenses of events $(102,786) $(104,303)
NASCAR event management fees (137,727) (133,682)
Other direct expenses (43,784) (19,541)
General and administrative (166,663) (285,166)
Total expenses and other $(450,960) $(542,692)
Income from continuing operations $ 61,196 $ (46,229)

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