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, Inc. (TRK), owner and operator of several major motor speedways, such as the Atlanta, Texas, and Las Vegas Motor Speedways. Current Year Previous Year Revenues: Admissions $100,694 $90,639 136,900 Event-related revenue 146,980 217,469 NASCAR broadcasting revenue 224,227 Other operating revenue 60,390 31,320 Total revenues $512,156 $496,463 Expenses and other: Direct expense of events NASCAR event management fees $(102,786) (137,727) (43,784) (166,663) $(104,303) (133,682) (19,541) (285,166) Other direct expenses General and administrative Total expenses and other $(450,960) $(542,692) Income from continuing operations $61,196 $(46,229) a. Prepare a comparative income statement for these two years in vertical form, stating each item as a percent of revenues. (Note: Due to rounding, amounts may not total 100%). Round your percentages to one decimal place. Speedway Motorsports, Inc. Comparative Income Statement in thousands of dollars) For the Years Ended December 31 Current Year Current Year Prior Year Prior Year Percent Amount Percent Revenues: Admissions $90,639 Event-related revenue $100,694 146,980 217,469 31,320 136,900 224,227 60,390 NASCAR broadcasting revenue % Other operating revenue Total revenues $512,156 $496,463 Expenses and other: Direct expense of events NASCAR event management fees $(102,786) (137,727) (43,784) (166,663) Other direct expenses $(104,303) (133,682) (19,541) (285,166) $(542,692) General and administrative Total expenses and other $(450,960) Income from continuing operations $61,196 J a $(46,229)