Vertical Analysis of Income Statement The following comparative income statement (in thousands of dollars) for two recent fiscal years was adapted from the annual report of Speedway Motorsports, In owner and operator of several major motor speedways, such as the Atlanta, Texas, and Las Vegas Motor Speedways. Revenues: Admissions Current Year Previous Year $100,694 $100,798 Event-related revenue 146,980 14,849 NASCAR broadcasting revenue 217,469 207,369 Other operating revenue 31,320 29,293 Total revenues $496,463 $484,309) Expenses and other: Direct expense of events $104,303 $102,196 ' NASCAR event management fees 133,682 128,254 Other direct expenses 19,541 18,513 General and administrative 177,926 194,120 Total expenses and other $435,452 $443,083 Income from continuing operations $61,0111 $41,226 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. Revenues: Admissions Event-related revenue NASCAR broadcasting revenue Other operating revenue Total revenues Comparative Income Statement (in thousands of dollars) For the Years Ended December 31 Current Year Amount Current Year Percent Prior Year Amount Prior Year Percent $100,694 % $100,798 % 146,980 Accounting numeric field 146,849 % 217,469 207,369 % 31,320 % 29,293 % $496,463 % $484,309 % Expenses and other: Direct expense of events $104,303 % $102,196 % NASCAR event management fees 133,682 % 128,254 % Other direct expenses 19,541 % 18,513 % General and administrative 177,926 % 194,120 % Total expenses and other $435,452 % $443,083 % Income from continuing operations $61,011 % $41,226 % b. Overall revenue revenue fees, some between the two years, accompanied by a slight change in the overall mix of revenue sources. The NASCAR broadcastin by 1.0% of total revenue, while event-related revenue) by 0.7% of total revenue. NASCAR event management by 0.4% of total revenue. General and administrative expenses, however, by over 4% of total revenue. It appears tha has helped the company significantly improve its income from continuing operations