The following comparative income statement (in thousands of dollars) for two recent years 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 Years 1 and 2 in vertical form, stating each item as a percent of revenues. Round to one decimal place.
b. Comment on the significantchanges.

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Year 2 Year 1 Admissions Event-related revenue NASCAR broadcasting revenue Other operating revenue Total revenue $130,239 163,621 185,394 26,591 $505,845 139,125 156,691 178,722 27,705 502,243 Expenses and other: Direct expense of events NASCAR purse and sanction fees General and administrative Depreciation and amortization Other expenses Total expenses and other $106,204 120,146 89,384 54,004 118,187 $487,925 17,920 100,843 120,273 85,717 52,762 71,563 431,158 71,085 Income from continuing operations before taxes