$\backslash$table$[[$Food$,$ beverage, and merchandise,$38,500,33,000],[$General and administrative,$113,250,38,500],[$Total expenses,$$300,250,$$$209,000],[$Income from continuing operations,$$82,250,$$$151,000]]$

a$.$ Prepare a comparative income statement for Years $1$ and $2$ in vertical form, stating each item as a percent of revenues.

Round percentages to one decimal place.

International Speedway Corporation

Comparative Income Statement $($in thousands of dollars$)$

For the Years Ended December $31,$ Year $2$ and Year $1$

$\backslash$table$[[$Revenues:$,\backslash$table$[[$Year $2],[$Amount$]],$Year $2$ Percent,$\backslash$table$[[$Year $1],[$Amount$]],\backslash$table$[[$Year $1],[$Percent$]]],[$Admissions$,$$$102,500,\%,$$$100,000,\%],[$Event$-$related revenue,$110,000,,105,000,],[$Food$,$ beverage, and merchandise,$140,000,,130,000,],[$Other operating revenue,$30,000,,25,000,],[$Total revenue,$$382,500,\%,$$$360,000,\%],[$Expenses and other:$],[$Event$-$related expenses,$$77,000,\%,$$$71,500,\%],[$NASCAR ${?}^{TM}$ event management fees,$71,500,,66,000,],[$Food$,$ beverage, and merchandise,$38,500,,33,000,],[$General and administrative,$113,250,,38,500,],[$Total expenses,$$300,250,\%,$$$209,000,\%],[$Income from continuing operations,$$82,250,,$$$151,000,\%]]$

b$.$ What conclusion can be drawn from the analysis regarding the change in income?