The following comparative income statement (in thousands of dollars) for the two recent fiscal years was adapted from the annual report of Motor Speedways Inc., owner and operator of several major motor speedways 2 Revenues Current Year Previous Year Admissions $96,224.00 $108,712.00 Event-related revenue 139,872.00 154,940 00 NASCAR broadcasting revenue 192,944.00 182,372.00 Other operating revenue 66,960.00 61,976.00 T Total revenue $496,000,00 $508,000.00 Expenses and other . Direct expense of events $98,208.00 $100,584.00 10 NASCAR purse and sanction fees 126,976.00 128,016.00 11 Other direct expenses 2777600 26,924.00 General and administrative 188,480.001 227,076.00 Total expenses and other $441,440.00 $482,600.00 14 Income from continuing operations $54,560.00 $25,400.00