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The following comparative income statement (in thousands of dollars) for two recent fiscal years was adapted from the annual report of Speedway Motorsports, Inc., owner

The following comparative income statement (in thousands of dollars) for 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.

Current Year Previous Year
Revenues:
Admissions $78,332 $86,949
Event-related revenue 140,210 133,632
NASCAR broadcasting revenue 216,592 209,155
Other operating revenue 26,780 28,622
Total revenues $461,914 $458,358
Expenses and other:
Direct expense of events $101,876 $98,973
NASCAR event management fees 123,212 119,101
Other direct operating expenses 18,502 18,782
General and administrative 164,949 177,132
Total expenses and other $408,539 $413,988
Income from continuing operations $53,375 $44,370

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. (Note: Due to rounding, amounts may not total 100%).

Round your percentages to one decimal place.

Speedway 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 $78,332 fill in the blank 0a522a07e01f010_1% $86,949 fill in the blank 0a522a07e01f010_2%
Event-related revenue 140,210 fill in the blank 0a522a07e01f010_3% 133,632 fill in the blank 0a522a07e01f010_4%
NASCAR broadcasting revenue 216,592 fill in the blank 0a522a07e01f010_5% 209,155 fill in the blank 0a522a07e01f010_6%
Other operating revenue 26,780 fill in the blank 0a522a07e01f010_7% 28,622 fill in the blank 0a522a07e01f010_8%
Total revenues $461,914 fill in the blank 0a522a07e01f010_9% $458,358 fill in the blank 0a522a07e01f010_10%
Expenses and other:
Direct expense of events $101,876 fill in the blank 0a522a07e01f010_11% $98,973 fill in the blank 0a522a07e01f010_12%
NASCAR event management fees 123,212 fill in the blank 0a522a07e01f010_13% 119,101 fill in the blank 0a522a07e01f010_14%
Other direct operating expenses 18,502 fill in the blank 0a522a07e01f010_15% 18,782 fill in the blank 0a522a07e01f010_16%
General and administrative 164,949 fill in the blank 0a522a07e01f010_17% 177,132 fill in the blank 0a522a07e01f010_18%
Total expenses and other $408,539 fill in the blank 0a522a07e01f010_19% $413,988 fill in the blank 0a522a07e01f010_20%
Income from continuing operations $53,375 fill in the blank 0a522a07e01f010_21% $44,370 fill in the blank 0a522a07e01f010_22%

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