The following comparative income statement (in thousands of dollars) for two recent fiscal years was adapted from the annual report of Calvin 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 $108,780 $121,484 Event-related revenue 133,280 146,082 NASCAR broadcasting revenue 187,670 177,206 Other operating revenue 60,270 57,228 Total revenue $490,000 $502,000 Expenses and other: Direct expense of events $99,960 $102,408 NASCAR event management fees 118,090 127,508 Other direct operating expenses 25,480 18,574 General and administrative 189,630 232,928 Total expenses and other $433,160 $481,418 Income from continuing operations $56,840 $20,582