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 International Speedway Corporation (ISCA), owner and operator of several major motor speedways, such as Daytona International Speedway and the Talledega Superspeedway. Current Year Previous Year Revenues: Admissions Event-related revenue $109,602 $121,505 508,505 491,664 Food, beverage, and merchandise 35,669 41,293 Other operating revenue 21,260 16,971 Total revenues $675,036 $671,433 Expenses and other: Event-related expenses $(145,093) $(134,136) NASCAR event management fees (185,200) (178,403) Food, beverage, and merchandise (27,278) (29,593) General and administrative (224,303) (233,145) Total expenses and other $(581,874) $(575,277) Income from continuing operations $93,162 $96,156