Vertical Analysis of income Statement The followed comparative income statement (in thousands of dollars for the two recent cal years adapted from the annual report of Motor Speedways Inc., owner and operator of several major motor speedways $104,3 $118,236 Cvent-related revenue NASCAR woadcasting revenue 163,827 62.790 $501000 Expenses and others Direct expense of events NASCAR purse and sanction fees 595,691 12,131 Other directe veners ( Due to rounding amounts may not total 100%) 1. Calculate total expenses and other percentage by adding the expense percentages 1. Calculate total expenses and other percentage by adding the expense percentages 2. Calculate the income from continuing operations percentage by deducting total expenses and other percentage from total revenue percentage. Motor Speedways Inc Comparative Income Satement in thousands of dollars) for the Year Ended December 31 Current Year Armour Current Your Percent Prior Year Amount Prior Year Percent $118.236 151-102 $164.128 143,451 172.31 62,790 MUSCAR broadcast 163 527 67635 $95,60 Total revenues 183,000 Expenses and other Dve opere of events 997,083 NASCAR on fees 12131 Other rett openses 184,80 Total de 74 by 2 cent Overall, it w a percent of totale as that income from continuing operations has significantly improved becaus