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Complete this question by entering your answers in the tabs below. Prepare a classified income statement for the year ended December 31, 2019. The expense

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Complete this question by entering your answers in the tabs below.

Prepare a classified income statement for the year ended December 31, 2019. The expense accounts represent warehouse expenses, selling expenses, and general and administrative expenses.

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Income Statement

Operating revenue

Net sales

Cost of goods sold

Merchandise inventory, January 1, 2019

Delivered cost of purchases

$0

0

Net delivered cost of purchases

0

Total merchandise available for sale

$0

0

Gross profit on sales

$0

Operating expenses

Warehouse expenses

Total warehouse expenses

$0

Selling expenses

Total selling expenses

$0

General and administrative expenses

Total general and administrative expenses

$0

Total operating expenses

0

Income from operations

$0

Other income

Other expenses

Net nonoperating expenses

$0

Net income for year

$0

+

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FPOspreadsheet

FPOgeneral journal

FPO

Required 1

Required 2

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Prepare a statement of owners equity for the year ended December 31, 2019. No additional investments were made during the period.

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Statement of Owner's Equity

0

$0

+

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FPOgeneral journal

FPO

Required 1

Required 3

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Prepare a classified balance sheet as of December 31, 2019. The mortgage payable extends for more than one year.

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Balance Sheet

Assets

Current assets

Prepaid expenses

0

Total current assets

$0

Plant and equipment

Building

Warehouse equipment

Office equipment

Total plant and eqipment

0

Total assets

$0

Liability and Owners Equity

Current liabilities

Total current liabilities

$0

Long-term liabilities

Total long-term liabilities

0

Total liabilities

$0

Owners equity

Total liabilities and owner's equity

$0

+

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FPOspreadsheet

FPOgeneral journal

Analyze

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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

%

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e chegg Study I Guided s connect connect C Col e Ment Good To Go Auto e Preparing classified fire e Apply: Connect Assignr Connect Week 5 Assignment Help Save & Exit Submit Saved 2 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 2019 Accounts Debit Credit $98,400 600 12,000 139,600 Cash Petty Cash Fund Notes Receivable, due 2020 Accounts Receivable Allowance for Doubtful Accounts Interest Receivable Merchandise Inventory Warehouse Supplies Office Supplies Prepaid Insurance points Skipped $3,200 120 127,900 2,700 640 4,040 eBook References Mc Graw Hill K Prev2 of 2 Next t O Type here to search 5:32 PM 3/26/2018 3 e chegg Study I Guided s connect connect C Col e Ment Good To Go Auto e Preparing classified fire e Apply: Connect Assignr Connect Week 5 Assignment Help Save & Exit Submit Saved 2 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 2019 Accounts Debit Credit $98,400 600 12,000 139,600 Cash Petty Cash Fund Notes Receivable, due 2020 Accounts Receivable Allowance for Doubtful Accounts Interest Receivable Merchandise Inventory Warehouse Supplies Office Supplies Prepaid Insurance points Skipped $3,200 120 127,900 2,700 640 4,040 eBook References Mc Graw Hill K Prev2 of 2 Next t O Type here to search 5:32 PM 3/26/2018 3

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