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	$116,034.00	$130,239.00
4	Event-related revenue	151,562.00	163,621.00
5	NASCAR broadcasting revenue	192,662.00	185,394.00
6	Other operating revenue	29,902.00	26,951.00
7	Total revenue	$490,160.00	$506,205.00
8	Expenses and other:
9	Direct expense of events	$101,402.00	$106,204.00
10	NASCAR purse and sanction fees	122,950.00	120,146.00
11	Other direct expenses	18,908.00	20,352.00
12	General and administrative	183,215.00	241,223.00
13	Total expenses and other	$426,475.00	$487,925.00
14	Income from continuing operations	$63,685.00	$18,280.00

	Required:
A.	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
B.	Comment on the significant changes.

Current Year Current Year Previous Year Previous Year Amount Percent Amount Percent 3Revenues: 4Admissions 5 Event-related revenue 6 NASCAR broadcasting revenue 7 Other operating revenue $116,034.00 151,562.00 192,662.00 29,902.00 $490,160.00 $130,239.00 163,621.00 185,394.00 26,951.00 $506,205.00 Total revenue 100.0% 100.0% 9 Expenses and other: 10 Direct expense of events 11 NASCAR purse and sanction fees 12 Other direct expenses 13General and administrative 14 Total expenses and other 15 Income from continuing operations $101,402.00 122,950.00 18,908.00 183,215.00 $426,475.00 $63,685.00 $106,204.00 120,146.00 20,352.00 241,223.00 $487925.00 $18,280.00