P

Prepare a comparative income statement for these two years in vertical form, stating each item as a percent of revenues. Enter all amounts as positive numbers.

Comparative Income Statement (in thousands of dollars) For the Years Ended December 31, 20-- and 20 Current Year Current Year Previous Year Previous Year Amount Percent Amount Percent 3 Revenues: 4 Admissions 5 Event-related revenue 6 NASCAR broadcasting revenue 7 Other operating revenue 104.500.00 143.925.00 171.000.00 55,575.00 $475,000.00 $116.640.00 140.940.00 160,380.00 68,040.00 $486,000.00 100.0% 100.0% 8 Total revenue 9 Expenses and other 10 Direct expense of events 11 NASCAR purse and sanction fees 12 Other direct expenses 13 General and administrative 14 Total expenses and other 15 Income from continuing operations $90.250.00 115.425.00 21.850.00 199,975.00 427.500.00 47.500.00 $94.770.00 119,070.00 16,038.00 236.682.00 $466.560.00 19.440.00