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.

Cash$98,100Petty Cash Fund600Notes Receivable, due 202010,500Accounts Receivable139,300Allowance for Doubtful Accounts$2,900Interest Receivable105Merchandise Inventory127,600Warehouse Supplies2,400Office Supplies610Prepaid Insurance3,740Land15,100Building102,500Accumulated DepreciationBuilding16,250Warehouse Equipment18,900Accumulated DepreciationWarehouse Equipment9,050Office Equipment8,500Accumulated DepreciationOffice Equipment3,450Notes Payable, due 202014,100Accounts Payable56,000Interest Payable310Loans PayableLong-Term12,500Mortgage Payable15,500Colin O'Brien, Capital (Jan. 1)318,095Colin O'Brien, Drawing69,750Income Summary130,500127,600Sales1,092,300Sales Returns and Allowances7,500Interest Income490Purchases454,000Freight In8,900Purchases Returns and Allowances12,750Purchases Discounts8,340Warehouse Wages Expense107,700Warehouse Supplies Expense4,900Depreciation ExpenseWarehouse Equipment2,500Salaries ExpenseSales150,800Travel Expense23,100Delivery Expense36,525Salaries ExpenseOffice84,100Office Supplies Expense1,130Insurance Expense8,975Utilities Expense7,100Telephone Expense3,190Payroll Taxes Expense30,700Building Repairs Expense2,800Property Taxes Expense15,500Uncollectible Accounts Expense2,680Depreciation ExpenseBuilding4,700Depreciation ExpenseOffice Equipment1,530Interest Expense3,100Totals$1,689,635$1,689,635

Required:

1. 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.
2. Prepare a statement of owner's equity for the year ended December 31, 2019. No additional investments were made during the period.
3. 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?