Income Statement Prepare a comparative income statement for these two...
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Income Statement 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. Rounding instructions (Note: Due to rounding, amounts may not total 100%). Speedway Motorsports, Inc. Comparative Income Statement (in thousands of dollars) For the Years Ended December 31 Current Year Current Year Previous Year Previous Year Amount Percent Amount Percent Revenues: 4 Admissions 5 Event-related revenue 5100,694.00 146,980.00 217,469.00 31,320.00 $496,463.00 5100,798.00 146,849.00 207,369.00 29,295.00 $484,309.00 NASCAR broadcasting revenue Other operating revenue 8 Total revenue 9 Expenses and other :Direct expense of events :1NASCAR event management fees 100.0% 100.0% 5104,305.00 133,682.00 19,541.00 177,926.00 $435,452.00 $61,011.00 5102,196.00 128,254.00 18,515.00 194,120.00 $443,083.00 $41,226.00 Other direct operating expenses General and administrative Total expenses and other 3 :5 Income from continuing operations
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