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

Cash $ 99,000

Petty Cash Fund 600

Notes Receivable, due 2020 15,000

Accounts Receivable 140,200

Allowance for Doubtful Accounts $3,800

Interest Receivable 150

Merchandise Inventory 128,500

Warehouse Supplies 3,300

Office Supplies 700

Prepaid Insurance 4,640

Land 16,000

Building 107,000

Accumulated DepreciationBuilding 16,700

Warehouse Equipment 19,800

Accumulated DepreciationWarehouse Equipment 9,500

Office Equipment 9,400

Accumulated DepreciationOffice Equipment 3,900

Notes Payable, due 2020 15,000

Accounts Payable 56,900

Interest Payable 400

Loans PayableLong-Term 17,000

Mortgage Payable 20,000

Colin O'Brien, Capital (Jan. 1) 326,870

Colin O'Brien, Drawing 70,650

Income Summary 131,400 128,500

Sales 1,110,300

Sales Returns and Allowances 8,400

Interest Income 580

Purchases 463,000

Freight In 9,800

Purchases Returns and Allowances 13,650

Purchases Discounts 9,240

Warehouse Wages Expense 108,600

Warehouse Supplies Expense 5,800

Depreciation ExpenseWarehouse Equipment 3,400

Salaries ExpenseSales 151,700

Travel Expense 24,000

Delivery Expense 37,425

Salaries ExpenseOffice 85,000

Office Supplies Expense 1,220

Insurance Expense 9,875

Utilities Expense 8,000

Telephone Expense 3,280

Payroll Taxes Expense 31,600

Building Repairs Expense 3,700

Property Taxes Expense 16,400

Uncollectible Accounts Expense 3,580

Depreciation ExpenseBuilding 5,600

Depreciation ExpenseOffice Equipment 1,620

Interest Expense4,000

Totals $1,732,340 $1,732,340

Required:

1. Create a classified income statement for the year ended December 31, 2019. The expense accounts represent warehouse expenses, selling expenses, and general and administrative expenses.
2. Create a statement of owner's equity for the year ended December 31, 2019. No additional investments were made during the period.
3. Create 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?