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 Revenues: Admissions Event-related revenue NASCAR broadcasting revenue Other operating revenue Total revenue $163,087 178,805 173,803 34,827 $550,522 $188,036 211,630 168,159 43,168 610,993 Expenses and other: Direct expense of events NASCAR purse and sanction fees General and administrative Depreciation and amortization Other expenses Total expenses and other 100,922 123,078 84,250 52,654 155,556 $516,460 34,062 $113,477 118,766 84,029 48,146 68,230 $432,648 $178,345 Income from continuing operations before taxes