Vertical Analysis of income Statement The following comparative income statement in thousands of dollars) for the two recent fiscal years was adapted from the annual report of Motor Speedways Inc. owner and operator Previous Year Admin Event-related revenue $104, 143,451 172431 $118,236 151,302 163,022 NASCAR broadcasting revenue Other operating revenue Total revenues $43.000 $501.000 Expenses and other Direct expense of events NASCAR purse and sanction fees $97.00 124,131 Other direct expenses General and administrative 150 25,551 226,953 $424,248 $433,734 Total expenses and other Income from continuing operations $49,266 $26,052 rounding amounts may not total 100%) Round your percentages to one decimal place. Due to rounding dirences, you will need to Previous Round your percentages to one decimal place. Due to rounding differences, you will need to: 1. Calculate total expenses and other percentage by adding the expense percentages 2. Calculate the income from continuing operations percentage by deducting total expenses and other percentage from total revenue percentage. Motor Speedways Inc Comparative Income Statement in thousands of dollars) For the Year Ended December 31 Current Year Amount Current Year Percent Prior Year Amount Prior Year Percent Revenues $118,236 $104,328 Admissions Event-related revenue 143,451 151,302 NASCAR broadcasting revenue 172,431 163,827 67,635 Other operating revenue 62,790 Total revenues $180,000 $501,000 Expenses and other Drect expense of events $97,083 $95,691 NASCAR purse and sanction fees 124,131 126,753 Other direct expenses 27,531 General and administrative 184,989 Total expenses and other 31,74 Income from continuing operations 9.06 526,052 22 b. While overall revenue some between the two years, the overall mix of revenue sources did change somewhat. The NASCAR broadcasting revenue as a percent of total revenue by 3 percentage points, while the percent of admissions revenue to total revenue by 2 percentage points. Overall, it appears that income from continuing operations has significantly improved because of