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	$	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 OBrien, Capital (Jan. 1)					326,870
Colin OBrien, 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 Expense		4,000
Totals	$	1,732,340		$	1,732,340

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?

Cost of goods sold 2019 profit on sales expenses Other income