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. of several major motor speedways, such as the Atlanta, Texas, and Las Vegas Motor Speedways. Current Year Previous Year $78,332 $86,949 133,632 140,210 Revenues: Admissions Event-related revenue NASCAR broadcasting revenue Other operating revenue Total revenues 209.155 216,592 26,780 $461,914 28,622 $458,358 $101,876 $98,973 Expenses and other: Direct expense of events NASCAR event management fees Other direct operating expenses General and administrative 123,212 119.101 18,782 177.132 18,502 164,949 $400,539 $53,375 $413,988 Total expenses and other Income from continuing operations $44,370 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. (Ne 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 Amount Current Year Percent Prior Year Amount Prior Year Percent Revenues: Admissions $78,332 96 $86,949 46 140.210 96 133.632 96 216,592 96 209,155 96 26,780 96 28,622 96 $461,914 9% $458,358 9 Event-related revenue NASCAR broadcasting revenue Other operating revenue Total revenues Expenses and other: Direct expense of events NASCAR event management fees Other direct operating expenses General and administrative $101,876 96 $98,973 96 123,212 06 119,101 % 18,782 96 18,502 164,949 % 177.132 96 Total expenses and other $408.539 96 $413,988 196 Income from continuing operations $53,375 98 $44,370 96