The following comparative income statement (in thousands of dollars) for the 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 $138,764 $141,912

Event-related revenue 149,160 138,408

NASCAR broadcasting revenue 126,560 109,938

Other operating revenue 37,516 47,742

Total revenue $452,000 $438,000

Expenses and other:

Direct expense of events $74,580 $75,774

NASCAR purse and sanction fees 83,620 76,650

Other direct expenses 118,876 108,624

General and administrative 60,568 57,378

Total expenses and other $337,644 $318,426

Income from continuing operations $114,356 $119,574

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

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		$ 138,764		%		$ 141,912		%
Event-related revenue		149,160		%		138,408		%
NASCAR broadcasting revenue		126,560		%		109,938		%
Other operating revenue		37,516		%		47,742		%
Total revenue		$ 452,000		%		$ 438,000		%
Expenses and other:
Direct expense of events		$ 74,580		%		$ 75,774		%
NASCAR purse and sanction fees		83,620		%		76,650		%
Other direct expenses		118,876		%		108,624		%
General and administrative		60,568		%		57,378		%
Total expenses and other		$ 337,644		%		$ 318,426		%
Income from continuing operations		$ 114,356		%		$ 119,574