The following comparative income statement (in thousands of dollars) for the fiscal years 2001 and 2002 was adapted from the annual report of Speedway Motorsports, Inc., owner and operator of several major motor speedways, such as the Atlanta, Texas, and Las Vegas Motor Speedways.

a. Prepare a comparative income statement for fiscal years 2001 and 2002 in vertical form, stating each item as a percent of revenues. Round to one digit after the decimal place.
b. Comment on the significantchanges.

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Fiscal Year 2002 Fiscal Year 2001 Revenues Admissions Event-related revenue NASCAR broadcasting revenue Other operating revenue 141,315 122,172 77,936 34,537 375,960 136,362 133,289 67,488 38,111 $375,250 Total revenue Expenses and other: Direct expense of events NASCAR purse and sanction fees Other direct expenses General and administrative 69,297 61,217 87,427 57,235 $275,176 100,784 76,579 54,479 88,582 59,331 $278,971 S96,279 Total expenses and other Income from continuing operations