Vertical Analysis of Income Statement The following comparative income statement (in thousands of dollars) for two recent years was adapted from the annual report of Speedway Motorsports, Inc. (TRK), owner and operator of several m motor speedways, such as the Atlanta, Bristol, Charlotte, Texas, and Las Vegas Motor Speedways. Year 2 Year 1 Revenues: Admissions $100,798 $106,050 Event-related revenue 146,849 145,749 NASCAR broadcasting revenue 207,369 199,014 Other operating revenue 29,293 29,836 Total revenue $484,309 $480,649 Expenses and other: Direct expense of events $(102,196) $(99,500) NASCAR purse and sanction fees (128,254) (125,003) Other direct expenses (18,513) (18,640) General and administrative (194,120) (286,069) Total expenses $(443,083) $(529,212) Income (loss) from continuing operations $ 41,226 $ 48,563 Note: "General & administrative expenses for the year 1 includes impairment of goodwill of $89,037. a. Prepare a comparative income statement for Years 1 and 2 in vertical form, stating each item as a percent of revenues. Round percentage answers to one decimal place. Speedway Motorsports, Inc. Comparative Income Statement in thousands of dollars) For the Years Ended Year 2 and Year 1 Year 2 amount Year 2 percent Year 1 amount Year 1 percent Revenues: Admissions $100,798 % $106,050 % Event-related revenue 146,849 % 145,749 % NASCAR broadcasting revenue 207,369 % 199,014 % Other operating revenue 29,293 % 29,836 % Total revenue $484,309 % $480,649 % Expenses and other: Direct expense of events $(102,196) % $(99,500) % NASCAR purse and sanction fees (128,254) % (125,003) % Other direct expenses (18,513) % (18,640) % General and administrative (194,120) % (286,069) % Total expenses $(443,083) % $(529,212) % Operating income (loss) $41,226 % $(48,563) % b. What conclusion can be drawn from the analysis regarding the change in income