The following comparative income statement (in thousands of dollars) for two recent fiscal 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 these two years in vertical form, stating each item as a percent of revenues. Round percentages to one decimal place.

b. Comment on the significant changes.

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Current Year Prior Year Revenues: Admissions S 78,332 $ 86,949 Event-related revenue 140,210 133,632 NASCAR broadcasting revenue 216,592 209,155 26,780 $461,914 28,622 $458,359 Other operating revenue Total revenues Expenses and other: Direct expense of events NASCAR event management fees Other direct operating expenses General and administrative $101,876 123,212 $ 98,973 119,101 18,502 18,782 177.132 $413,988 $ 44,370 164,949 $408,539 Total expenses and other Income from continuing operations $ 53,375