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 $103,620 $116,400 Event-related revenue 143,184 145,500 NASCAR broadcasting revenue 179,451 170,235 Other operating revenue 44,745 52,865 Total revenue $471,000 $485,000 Expenses and other: $94,671 $99,425 Direct expense of events NASCAR event management fees 114,924 116,885 Other direct operating expenses 24,021 23,280 General and administrative 182,277 220,675 Total expenses and other $415,893 $460,265 Income from continuing operations $55,107 $24,735 a. Prepare a comparative income statement for these two years in vertical form, stating each item as a percent of revenues. Round to one decimal place. Enter all amounts as positive numbers. Calvin Motorsports, Inc. Comparative Income Statement (in thousands of dollars) For the Years Ended December 31 Current Year Amount Current Year Percent Prior Year Amount Prior Year Percent Revenues: Admissions $103,620 % $116,400 % Event-related revenue 143,184 % 145,500 % NASCAR broadcasting revenue 179,451 % 170,235 % Other operating revenue 44,745 % 52,865 % Total revenue $471,000 % $485,000 % Expenses and other: Direct expense of events $94,671 % $99,425 % % 116,885 % NASCAR event management fees Other direct operating expenses 114,924 24,021 % 23,280 % General and administrative 182,277 % 220,675 % Total expenses and other $415,893 % $460,265 % Income from continuing operations $55,107 % $24,735 % b. While overall revenue some between the two years, the overall mix of revenue sources did change somewhat. The NASCAR broadcasting revenue as a percent of total revenue by 3 percentage points, while the percent of admissions revenue to total revenue by 2 percentage points. Overall, it appears that income from continuing operations has significantly improved because of