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.

vertical analysis of income statement Instructions ! Income Statement ! Final Question Instructions Income Statement Shaded cells have feedback. * Score: 3764 Speedway Motorsports, Inc. Comparative Income Statement (in thousands of dollars) For the Years Ended December 31 Current Year Current Year Previous Year Previous Year Amount Percent Amount Percent 3 Revenues: Admissions $100,694.00 $100,798.00 Event-related revenue 146,980.00 146,849.00 NASCAR broadcasting revenue 217,469.00 207,369.00 Other operating revenue 31,320.00 29,293.00 Total revenue $496,463.00 100.0% $484,309.00 100.0% 9 Expenses and other: Direct expense of events $104,303.00 21.0% $102,196.00 11 NASCAR event management fees 133,682.00 128,254.00 Other direct operating expenses 19,541.00 18,513.00 General and administrative 177,926.00 194,120.00 Total expenses and other $435,452.00 $443,083.00 15 Income from continuing operations $61,011.00 $41,226.00