Vertical Analysis of Income Statement The following comparative income statement in thousands of dollars) for the two recent fiscal years was adopted from the annual report of Calvin Motorsports, Inc., owner and operator of several major motor speedways, such as the Atlanta, Texas, and Las Vegas Motor Speedways. Current Year Previous Year Revenues Admissions Event-related revenue NASCAR broadcasting revenue Other operating revenue Total revenue $91,482 137,934 170,640 73,944 5474,000 $104,157 147,189 161,370 76,284 $189,000 $96,822 123,228 Expenses and other Direct expense of events NASCAR purse and sanction fees Other direct expenses General and administrative Total expenses and other Income from continuing operations $94,800 117,078 14,694 193,866 $420,438 $53,562 24,939 216,138 $461,127 $27,873 a. Prepare a comparative income statement for these two years in vertical form, stating each item as a percent of revenues. Round to one decimat place. Enter all amounts as positive numbers Calvin Motorsports, Inc. 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 Revenues: Admissions $91,482 $104,157 % Event-related revenue 137,934 147,189 NASCAR broadcasting revenue 170,640 96 161,370 96 Other operating revenue 73,944 % 76,284 Total revenue $474,000 % $189,000 96 Expenses and other Direct expense of events $94,800 $96,822 NASCAR purse and sanction fees 117,078 123,228 Other direct expenses 14,690 24,939 193,066 216,135 General and administrative $420,438 5161,127 Total expenses and other $27,873 Income from continuing operations $53,562 * 22