The following comparative income statement (in thousands of dollars) for two recent years was adapted from the annual report of Speedway Motorsports, Inc. (TRK), owner and operator of several major motor speedways, such as the Atlanta, Bristol, Charlotte, Texas, and Las Vegas Motor Speedways. Year 2 Year 1 Revenues: Admissions $100,798 $106,050 Event-related revenue 146,849 145,749 NASCAR broadcasting revenue 207,369 199,014 Other operating revenue 29,293 29,836 Total revenue $484,309 $480,649 Expenses and other: Direct expense of events $(102,196) $(99,500) NASCAR purse and sanction fees (128,254) (125,003) Other direct expenses (18,513) (18,640) General and administrative (194,120) (286,069) Previous Next Check My Work Speedway Motorsports, Inc. Comparative Income Statement (in thousands of dollars) For the Years Ended Year 2 and Year 1. Year 2 amount Year 2 percent Year 1 amount Year 1 percent Revenues: Admissions $100,798 146,849 Event-related revenue NASCAR broadcasting revenue $106,050 145,749 199,014 29,836 207,369 Other operating revenue 29,293 Total revenue $484,309 $480,649 Expenses and other: Direct expense of events NASCAR purse and sanction fees Other direct expenses $(102,196) (128,254) (18,513) (194,120) $(99,500) (125,003) (18,640) (286,069) $(529,212) $(48,563) General and administrative Total expenses $(443,083) Operating income (loss) $41,226 b. What conclusion can be drawn from the analysis regarding the change in income