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 $ 98,200 Petty Cash Fund 400 Notes Receivable, due 2020 11,000 Accounts Receivable 139,400 Allowance for Doubtful Accounts $ 3,000 Interest Receivable 110 Merchandise Inventory 127,700 Warehouse Supplies 2,500 Office Supplies 620 Prepaid Insurance 3,840 Land 15,200 Building 103,000 Accumulated DepreciationBuilding 16,300 Warehouse Equipment 19,000 Accumulated DepreciationWarehouse Equipment 9,100 Office Equipment 8,600 Accumulated DepreciationOffice Equipment 3,500 Notes Payable, due 2020 14,200 Accounts Payable 56,100 Interest Payable 320 Loans PayableLong-Term 13,000 Mortgage Payable 16,000 Colin OBrien, Capital (Jan. 1) 318,870 Colin OBrien, Drawing 69,850 Income Summary 130,600 127,700 Sales 1,094,300 Sales Returns and Allowances 7,600 Interest Income 500 Purchases 455,000 Freight In 9,000 Purchases Returns and Allowances 12,850 Purchases Discounts 8,440 Warehouse Wages Expense 107,800 Warehouse Supplies Expense 5,000 Depreciation ExpenseWarehouse Equipment 2,600 Salaries ExpenseSales 150,900 Travel Expense 23,200 Delivery Expense 36,625 Salaries ExpenseOffice 84,200 Office Supplies Expense 1,140 Insurance Expense 9,075 Utilities Expense 7,200 Telephone Expense 3,200 Payroll Taxes Expense 30,800 Building Repairs Expense 2,900 Property Taxes Expense 15,600 Uncollectible Accounts Expense 2,780 Depreciation ExpenseBuilding 4,800 Depreciation ExpenseOffice Equipment 1,540 Interest Expense 3,200 Totals $ 1,694,180 $ 1,694,180 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?