Vertical Analysis Secame Tas Vegas Motor Speys Year 2 Year 1 . 1100 14 2074 Other 11.30 True W463 110303 (10) LI MyWocussed in Chapter 7 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 $100,694 $100,798 Event-related revenue 146,980 146,849 NASCAR broadcasting revenue 217,469 207,369 Other operating revenue 31,320 29,293 Total revenue $496,463 $164,309 Expenses and other: Direct expense of events $(1043303) [102,196) NASCAR event management fees (133,682) (125,254) Other direct expenses 19,541 (18.513) General and administrative (285,166) 194.120) Total expenses $(542,692 3(443,083) $11.226 3146,229) Income (loss) from continuing operations 6. What conclusion can be drawn from the analysis regarding the dang com