I need asap THANK YOU Comparative Income Statement (in thousands of dollars)For the Years Ended December 31Current Year Amount Current Year PercentPrior Year Amount Prior Year PercentRevenues:Admissions$78,332%$86,949%Event-related revenue140,210%133,632%NASCAR broadcasting revenue216,592%209,155%Other operating revenue26,780%28,622%Total revenues$461,914%$458,358%Expenses and other:Direct expense of events$101,876%$98,973%NASCAR event management fees123,2120%119,101%Other direct operating expenses18,5020%18,782%General and administrative164,949%177,132%Total expenses and other$408,539%$413,988%Income from continuing operations$53,375%$44,370%b. Overall revenuesome between the two years, accompanied by a slight change in the overall mix of revenue sources. TheNASCAR broadcasting revenueby 1.3% of total revenue, while event-related revenueby 1.2% of totalrevenue. NASCAR event management fees,by 0.7% of total revenue. General and administrative expenses, however,by over 2.9% of total revenue. It appears thathas helped the company significantly improve its income fromcontinuing operations. The following comparative income statement (in thousands of dollars) for two recent fiscal years was adapted from the annual report of SpeedwayMotorsports, Inc., owner and operator of several major motor speedways, such as the Atlanta, Texas, and Las Vegas Motor Speedways.Current Year Previous YearRevenues:Admissions$78,332$86,949Event-related revenue140,210133,632NASCAR broadcasting revenue216,592209,155ənuOther operating revenue26,78028,622Total revenues$461,914$458,358Expenses and other:Direct expense of events$101,876$98,973NASCAR event management fees123,212119,101Other direct operating expenses18,50218,782General and administrative164,949177,132Total expenses and other$408,539$413,988Income from continuing operations$53,375$44,370a. Prepare a comparative income statement for these two years in vertical form, stating each item as a percent of revenues. Enter all amounts aspositive numbers. (Note: Due to rounding, amounts may not total 100%).

Comparative income statement is an income statement which shows the amounts of several years which…

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. Current Year Previous Year Revenues: Admissions $78,332 $86,949 Event-related revenue 140,210 133,632 NASCAR broadcasting revenue 216,592 209,155 Other operating revenue 26,780 28,622 Total revenues $461,914 $458,358 Expenses and other: Direct expense of events $101,876 $98,973 NASCAR event management fees 123,212 119,101 Other direct operating expenses 18,502 18,782 General and administrative 164,949 177,132 Total expenses and other $408,539 $413,988 Income from continuing operations $53,375 $44,370 a. 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. (Note: Due to rounding, amounts may not total 100%).