C Good to Go Auto Products distributes automobile parts to service stations and repair shops. The adjusted trial balance data that follows is from the firm's worksheet for the year ended December 31, 20X1. Cash Petty Cash Fund Accounts Notes Receivable, due 20x2 Accounts Receivable Allowance for Doubtful Accounts, Interest Receivable. Merchandise Inventory Warehouse Supplies Office Supplies Debit $ 97,900 400 15,500 139,100 155 127,400 2,200 590 Credit $ 2,700 Prepaid Insurance 3,540 Land 14,900 Building 101,500. Accumulated Depreciation-Building 16,150 Warehouse Equipment 18,700 Accumulated Depreciation-Warehouse Equipment 8,950 Office Equipment 8,300 Accumulated Depreciation-Office Equipment 3,350 Notes Payable, due 20x2 13,900 Accounts Payable 55,800 Interest Payable 290 Notes Payable, Long-Term 11,500 Mortgage Payable 14,500 Colin O'Brien, Capital (Jan. 1) 322,005 Colin O'Brien, Drawing 69,550 Income Summary 130,300 127,400 Sales 1,088,300 Sales Returns and Allowances 7,300 Interest Incone 470 Purchases 452,000 Freight In 8,700 Purchases Returns and Allowances 12,550 Purchases Discounts 8,140 Warehouse Wages Expense 107,500 Warehouse Supplies Expense 4,700 Depreciation Expense-Warehouse Equipment 2,300 Salaries Expense-sales 150,600 Travel Expense 22,900 Delivery Expense 36,325 Salaries Expense-office 83,900 office Supplies Expense 1,110) Insurance Expense 8,775 Utilities Expense 6,900 Telephone Expense 3,170) Payroll Taxes Expense 30,500 Building Repairs Expense 2,600 Property Taxes Expense 15.300 Uncollectible Accounts Expense 2,400 Depreciation Expense-Building 4,500 Depreciation Expense-Office Equipment 1,510 Interest Expense 2,900 Totals $1,686,005 $1,686,005 Dray 2 15 Novt > Depreciation Expense-Office Equipment Interest Expense Totals 1,510 2,900 $1,686,005 $1,686,005 58 Required: 1. Prepare a classified income statement for the year ended December 31, 20X1. The expense accounts represent warehouse: expenses, selling expenses, and general and administrative expenses. 2. Prepare a statement of owner's equity for the year ended December 31, 20X1. No additional investments were made during the year. 3. Prepare a classified balance sheet as of December 31, 20X1. The mortgage payable extends for more than one year. Analyze: What percentage of total operating expenses is attributable to warehouse expenses? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Analyze Prepare a classified Income statement for the year ended December 31, 20X1. The expense accounts represent warehouse expenses, selling expenses, and general and administrative expenses. Operating revenue GOOD TO GO AUTO PRODUCTS Net sales Cost of goods sold Merchandise inventory, January 1, 20X1 Delivered cost of purchases Net delivered cost of purchases Total merchandise available for sale Income Statement $ 0 0 $ 00 Delivered cost of purchases Net delivered cost of purchases Total merchandise available for sale Gross profit on sales Operating expenses Warehouse expenses Total warehouse expenses Selling expenses $ 0 0 0 $ 0 $ 0 Total selling expenses $ General and administrative expenses Total general and administrative expenses Total operating expenses Income from operations $ $ 0 < Prev 2 of 15 Next > 00 0 $ Total warehouse expenses Selling expenses Total selling expenses General and administrative expenses Total general and administrative expenses Total operating expenses Income from operations Other income Other expenses Net nonoperating expenses Net income for year $ 0 $ 0 $ 0 0 $ 0 $ 0 $ 0 Required 1 Required 2 > Uncollectible Accounts Expense Depreciation Expense-Building Depreciation Expense-Office Equipment Interest Expense Totals. 2,480 4,500 1,510 2,900 $1,686,005 $1,686,005 Required: 1. Prepare a classified income statement for the year ended December 31, 20X1. The expense accour expenses, selling expenses, and general and administrative expenses. 2. Prepare a statement of owner's equity for the year ended December 31, 20X1. No additional investr year. 3. Prepare a classified balance sheet as of December 31, 20X1. The mortgage payable extends for mo Analyze: What percentage of total operating expenses is attributable to warehouse expenses? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Analyze Prepare a statement of owner's equity for the year ended December 31, 20X1. No additional investments wi the year. GOOD TO GO AUTO PRODUCTS Statement of Owner's Equity < Required 1 $ Required 3 > Required 1 Required 2 Required 3 Analyze Prepare a classified balance sheet as of December 31, 20X1. The mortgage payable extends for more than one GOOD TO GO AUTO PRODUCTS Balance Sheet Current assets Prepaid expenses Assets Total current assets Plant and equipment Building Warehouse equipment Office equipment Total plant and eqipment 0 $ 0 0 Total assets $ 0 Liability and Owner's Equity Current liabilities Total current liabilities $ Total current assets Plant and equipment Building Warehouse equipment Office equipment Total plant and eqipment Total assets Current liabilities 0 $ 0 0 0 Liability and Owner's Equity Total current liabilities Long-term liabilities Total long-term liabilities Total liabilities Owner's equity Total liabilities and owner's equity $ 0 $ 0 $ warehouse suppies Expense Depreciation Expense-Warehouse Equipment Salaries Expense-Sales Travel Expense Delivery Expense Salaries Expense-Office Office Supplies Expense Insurance Expense Utilities Expense Telephone Expense Payroll Taxes Expense Building Repairs Expense Property Taxes Expense Uncollectible Accounts Expense Depreciation Expense-Building Depreciation Expense-Office Equipment Interest Expense Totals Saved 4,100 2,300 150,600 22,900 36,325 83,900 1,110 8,775 6,900 3,170 30,500 2,600 15,300 2,480 4,500 1,510 2,900 $1,686,005 $1,686,005 Help Required: 1. Prepare a classified income statement for the year ended December 31, 20X1. The expense accounts represen expenses, selling expenses, and general and administrative expenses. 2. Prepare a statement of owner's equity for the year ended December 31, 20X1. No additional investments were r year. 3. Prepare a classified balance sheet as of December 31, 20X1. The mortgage payable extends for more than one Analyze: What percentage of total operating expenses is attributable to warehouse expenses? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Analyze What percentage of total operating expenses is attributable to warehouse expenses? (Round your answer to 2 decimal places.) The percentage attributable to warehouse expense is