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	$	97,600
Petty Cash Fund		400
Notes Receivable, due 2020		17,000
Accounts Receivable		138,800
Allowance for Doubtful Accounts				$	2,400
Interest Receivable		170
Merchandise Inventory		127,100
Warehouse Supplies		1,900
Office Supplies		560
Prepaid Insurance		3,240
Land		14,600
Building		100,000
Accumulated DepreciationBuilding					16,000
Warehouse Equipment		18,400
Accumulated DepreciationWarehouse Equipment					8,800
Office Equipment		8,000
Accumulated DepreciationOffice Equipment					3,200
Notes Payable, due 2020					13,600
Accounts Payable					55,500
Interest Payable					260
Loans PayableLong-Term					10,000
Mortgage Payable					13,000
Colin OBrien, Capital (Jan. 1)					322,110
Colin OBrien, Drawing		69,250
Income Summary		130,000			127,100
Sales					1,082,300
Sales Returns and Allowances		7,000
Interest Income					440
Purchases		449,000
Freight In		8,400
Purchases Returns and Allowances					12,250
Purchases Discounts					7,840
Warehouse Wages Expense		107,200
Warehouse Supplies Expense		4,400
Depreciation ExpenseWarehouse Equipment		2,000
Salaries ExpenseSales		150,300
Travel Expense		22,600
Delivery Expense		36,025
Salaries ExpenseOffice		83,600
Office Supplies Expense		1,080
Insurance Expense		8,475
Utilities Expense		6,600
Telephone Expense		3,140
Payroll Taxes Expense		30,200
Building Repairs Expense		2,300
Property Taxes Expense		15,000
Uncollectible Accounts Expense		2,180
Depreciation ExpenseBuilding		4,200
Depreciation ExpenseOffice Equipment		1,480
Interest Expense		2,600
Totals	$	1,674,800		$	1,674,800

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 owners 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?