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Vertical Analysis of Income Statement ing comparative income statement (in thousands of dollars) for two recent fiscal years was adapted frem the annual re port

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Vertical Analysis of Income Statement ing comparative income statement (in thousands of dollars) for two recent fiscal years was adapted frem the annual re port of Speedway Motorsperts, Inc., owner and operator of several major motor speedways, such as the Atlanta, Texas, Current Year Previous Year Admissions 116,034 130,239 Event-related revenue 151,562 163,621 NASCAR broadcasting revenue 192,662 185,394 Other operating revenue 29,902 26,951 Total revenues $490,160 506,209 Expenses and other Direct expense of events 101,402 $106,204 NASCAR purse and sanction fees 122,950 120,146 20,352 Other direct expenses 18,908 183,215 241,223 General and administrative $426,475 $487,925 Total expenses and other $18,280 $63,685 Inceme from continuing operations 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 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 dolars) For the Years Ended December 31 Current Year Amount Current Year Percent Prior Year Amount Prior Year Percent Admissions $116,034 $130,239 Event-related revenue 51,562 163,621 NASCAR broadcasting revenue 192,662 185,394 other operating reerut 29 902 6,951 Total revenues $490,160 $506,205 Expenses and other Direct expense of events 101,402 $106,20 NASCAR purse and sanction fees 122,950 120,146 Other drect expenses 18,908 20,352 General and administrative 183,215 241,223 $426,475 Total expenses and other $487,925 ncome from continuing operations $63,083 18,280 some between the two years, the overall mix of revenue sources did change somewhat. The NASCAR broadcasting revenue by 2 b. While overall revenue as a percent of total revenue by almost 3 percentage points, while the percent of admissions revenue to total revenue percentage points, Overall, it eppears thst income from continuing operations has significantly improved because of

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