Good to Go Auto Products distributes automobile parts to service stations and repair shops. The adjusted trial balance data that follows is from the firms worksheet for the year ended December 31, 2019. Accounts Debit Credit Cash $ 97,900 Petty Cash Fund 400 Notes Receivable, due 2020 15,500 Accounts Receivable 139,100 Allowance for Doubtful Accounts $ 2,700 Interest Receivable 155 Merchandise Inventory 127,400 Warehouse Supplies 2,200 Office Supplies 590 Prepaid Insurance 3,540 Land 14,900 Building 101,500 Accumulated DepreciationBuilding 16,150 Warehouse Equipment 18,700 Accumulated DepreciationWarehouse Equipment 8,950 Office Equipment 8,300 Accumulated DepreciationOffice Equipment 3,350 Notes Payable, due 2020 13,900 Accounts Payable 55,800 Interest Payable 290 Loans PayableLong-Term 11,500 Mortgage Payable 14,500 Colin OBrien, Capital (Jan. 1) 322,005 Colin OBrien, Drawing 69,550 Income Summary 130,300 127,400 Sales 1,088,300 Sales Returns and Allowances 7,300 Interest Income 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 ExpenseWarehouse Equipment 2,300 Salaries ExpenseSales 150,600 Travel Expense 22,900 Delivery Expense 36,325 Salaries ExpenseOffice 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 2,480 Depreciation ExpenseBuilding 4,500 Depreciation ExpenseOffice Equipment 1,510 Interest Expense 2,900 Totals $ 1,686,005 $ 1,686,005 Required: 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. Prepare a statement of owners equity for the year ended December 31, 2019. No additional investments were made during the period. Prepare a classified balance sheet as of December 31, 2019. The mortgage payable extends for more than one year. Analyze: What percentage of total operating expenses is attributable to warehouse expenses?

Superior Hardwood Company distributes hardwood products to small furniture manufacturers. The adjusted trial balance data given below is from the firm's worksheet for the year ended December 31, 2019 ACCOUNTS Debit Credit $22,800 500 1e, 50e 84,000 Cash Petty Cash Fund Notes Receivable, due 2020 Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Warehouse Supplies Office Supplies Prepaid Insurance Land Building Accumulated Depreciation-Building Warehouse Equipment Accumulated Depreciation-Warehouse Equipment Delivery Equipment Accumulated Depreciation-Delivery Equipment Office Equipment Accumulated Depreciation-Office Equipment Notes Payable, due 2026 Accounts Payable Interest Payable Mortgage Payable Loans Payable, Long-ternm Charles Ronie, Capital (Jan. 1) Charles Ronie, Drawing $4,700 221,000 2,730 1,290 6,300 33,000 165,000 30, 50e 44, 500 18,500 46,200 13, 500 17,900 8,100 18,900 37,700 450 54,50e 10,500 348,260 125,700