The following comparative income statement (in thousands of dollars) for the 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 to one decimal place.
b. Comment on the significantchanges.

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Current Year Previous Year Event-related revenue NASCAR broadcasting revenue Other operating revenue $139,125 156,691 178,722 27,705 $502,243 163,087 178,805 173,803 34,827 $550,522 Direct expense of events NASCAR purse and sanction fees $100,843 120,273 21,846 188,196 $431,158 71,085 100,922 123,078 26,208 266,252 $516,460 34,062 General and administrative Total expenses and other 5 Income from continuing operations