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.

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.

Round your percentages to one decimal place. Due to rounding differences, you will need to:

Calculate total expenses and other percentage by adding the expense percentages

Calculate the income from continuing operations percentage by deducting total expenses and other percentage from total revenue percentage.

Speedway Motorsports, Inc.

Comparative Income Statement (in thousands of dollars)

For the Years Ended December 31, 20-- and 20--

1		Current Year	Current Year	Previous Year	Previous Year
2		Amount	Percent	Amount	Percent
3	Revenues:
4	Admissions	$116,034.00		$130,239.00
5	Event-related revenue	151,562.00		163,621.00
6	NASCAR broadcasting revenue	192,662.00		185,394.00
7	Other operating revenue	29,902.00		26,951.00
8	Total revenue	$490,160.00	100.0%	$506,205.00	100.0%
9	Expenses and other:
10	Direct expense of events	$101,402.00		$106,204.00
11	NASCAR purse and sanction fees	122,950.00		120,146.00
12	Other direct expenses	18,908.00		20,352.00
13	General and administrative	183,215.00		241,223.00
14	Total expenses and other	$426,475.00		$487,925.00
15	Income from continuing operations	$63,685.00		$18,280.00