vertical Analysis of Income Statement o The following comparative income statement (in thousands of dollars) for the two recent was adapted from the annual report of Calvin Motorsports, Inc., owner and fiscal years o operator of several major motor speedways, such as the Atlanta, Texas, and Lasvegas Motor Speedways. Current Year revious Year $127,374 $130,095 Event-related revenue 135,894 125,965 NASCAR broadcasting revenue 124,392 108,206 other operating revenue 38,340 48,734 $426,000 $413,000 Expenses and other: Direct expense of events $74,550 $75,992 NASCAR purse and sanction fees 82,218 75,579 other direct expenses 88,182 81,774 General and 61,770 58,646 Total expenses and other $306,720 $291,991 Income from continuing operations $119,280 S121,009 a. Prepare a comparative income statement for these two years in vertical form, stating each item as a peroent of revenues. Round to one deomal place. Enter all amounts as