The following comparative income statement (in thousands of dollars) for the two recent fiscal years was adapted from the annual report of Speedway Motorsports, Inc., owner and operator of several major motor speedways, such as the Atlanta, Texas, and Las Vegas Motor Speedways. 1 Current Year Previous Year 2 Revenues: 3 Admissions $93,991.00 $106,074.00 4 Event-related revenue 142,204.00 134,460.00 5 NASCAR broadcasting revenue 189,930.00 179,280.00 6 Other operating revenue 60,875.00 78,186.00 7 Total revenue $487,000.00 $498,000.00 8 Expenses and other: 9 Direct expense of events $96,913.00 $100,098.00 10 NASCAR purse and sanction fees 121,263.00 123,006.00 11 Other direct expenses 17,045.00 25,398.00 12 General and administrative 193,339.00 229,578.00 13 Total expenses and other $428,560.00 $478,080.00 14 Income from continuing operations $58,440.00 $19,920.00

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

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Score: 0/64

Speedway Motorsports, Inc.

Comparative Income Statement (in thousands of dollars)

For the Years Ended December 31, 20-- and 20--

1		Current Year	Current Year	Previous Year	Previous Year
2		Amount	Percent	Amount	Percent
3	Revenues:
4	Admissions	$93,991.00		$106,074.00
5	Event-related revenue	142,204.00		134,460.00
6	NASCAR broadcasting revenue	189,930.00		179,280.00
7	Other operating revenue	60,875.00		78,186.00
8	Total revenue	$487,000.00	100.0%	$498,000.00	100.0%
9	Expenses and other:
10	Direct expense of events	$96,913.00		$100,098.00
11	NASCAR purse and sanction fees	121,263.00		123,006.00
12	Other direct expenses	17,045.00		25,398.00
13	General and administrative	193,339.00		229,578.00
14	Total expenses and other	$428,560.00		$478,080.00
15	Income from continuing operations	$58,440.00		$19,920.00