Vertical Analysis of Income Statement The following comparative income statement (in thousands of dollars) for two recent years was adapted from the annual report of Speedway Motorsports, Inc. (TRK), owner and operator of several major motor speedways, such as the Atilanta, Bristol, Charlotte, Texas, and Las Vegas Motor Speedways. Year 2 Year 1 Revenues: Admissions Event-related revenue NASCAR broadcasting revenue Other operating revenue $212,552 228,200 148,656 62,592 $652,000 $215,344 209,710 122,070 78,876 $626,000 Total revenue Expenses and other: Direct expense of events NASCAR purse and sanction fees Other direct expenses General and administrative $118,012 130,400 114,100 99,756 $118,940 118,314 99,534 93,900 Total expenses $462,268 $430,688 Income (loss) from continuing operations $189,732 $195,312 Note: "General & administrative expenses for the year 1 includes impairment of goodwill of $49,878. a. Prepare a comparative income statement for Years 1 and 2 in vertical form, stating each item as a percent of revenues. Round percentages to one decimal place. Enter all amounts as positive numbers. Speedway Motorsports, Inc Comparative Income Statement (in thousands of dollars) For the Years Ended December 31, Year 2 and Year 1 Year 2 Amount Year 2 Percent Year 1 Amount Year 1 Percent Revenues: Admissions Event-related revenue NASCAR broadcasting revenue Other operating revenue $212,552 228,200 148,656 62,592 652.000 $215,344 209,710 122,070 78,876 26,000 Total revenue Expenses and other: $118,012 130,400 114,100 99,756 $462,268 $118,940 Direct expense of events NASCAR purse and sanction fees Other direct expenses General and administrative 118,314 99,534 93,900% $430,688