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, 20X1.

Accounts	Debit			Credit
Cash	$	97,000
Petty Cash Fund		500
Notes Receivable, due 20X2		20,000
Accounts Receivable		138,200
Allowance for Doubtful Accounts				$	1,800
Interest Receivable		200
Merchandise Inventory		126,500
Warehouse Supplies		1,300
Office Supplies		500
Prepaid Insurance		2,640
Land		14,000
Building		97,000
Accumulated DepreciationBuilding					15,700
Warehouse Equipment		17,800
Accumulated DepreciationWarehouse Equipment					8,500
Office Equipment		7,400
Accumulated DepreciationOffice Equipment					2,900
Notes Payable, due 20X2					13,000
Accounts Payable					54,900
Interest Payable					200
Notes Payable, Long-Term					7,000
Mortgage Payable					10,000
Colin OBrien, Capital (Jan. 1)					322,420
Colin OBrien, Drawing		68,650
Income Summary		129,400			126,500
Sales					1,070,300
Sales Returns and Allowances		6,400
Interest Income					380
Purchases		443,000
Freight In		7,800
Purchases Returns and Allowances					11,650
Purchases Discounts					7,240
Warehouse Wages Expense		106,600
Warehouse Supplies Expense		3,800
Depreciation ExpenseWarehouse Equipment		1,400
Salaries ExpenseSales		149,700
Travel Expense		22,000
Delivery Expense		35,425
Salaries ExpenseOffice		83,000
Office Supplies Expense		1,020
Insurance Expense		7,875
Utilities Expense		6,000
Telephone Expense		3,080
Payroll Taxes Expense		29,600
Building Repairs Expense		1,700
Property Taxes Expense		14,400
Uncollectible Accounts Expense		1,580
Depreciation ExpenseBuilding		3,600
Depreciation ExpenseOffice Equipment		1,420
Interest Expense		2,000
Totals	$	1,652,490		$	1,652,490

Required:

Prepare a classified income statement for the year ended December 31, 20X1. 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, 20X1. No additional investments were made during the year.

Prepare a classified balance sheet as of December 31, 20X1. The mortgage payable extends for more than one year.

Analyze: What percentage of total operating expenses is attributable to warehouse expenses?

Complete this question by entering your answers in the tabs below. 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. \begin{tabular}{|l|l|l|l|l|} \hline & & & \\ \hline & & & \\ \hline & & & & \\ \hline \multicolumn{1}{|c|}{ Total general and administrative expenses } & & & \\ \hline Total operating expenses & & & & \\ \hline Income from operations & & $ & 0 & \\ \hline Other income & & & & 0 \\ \hline & & & & \\ \hline Other expenses & & & & \\ \hline & & & & \\ \hline Net nonoperating expenses & & & & \\ \hline Net income for year & & & & $ \\ \hline \end{tabular} Prepare a statement of owner's equity for the year ended December 31,2019 . No additional investments were made during the period. Complete this question by entering your answers in the tabs below. \begin{tabular}{|l|l|l|r|} \hline Long-term liabilities & & & \\ \hline & & & \\ \hline \multicolumn{1}{|c|}{ Total long-term liabilities } & & & \\ \hline Total liabilities & & & \\ \hline Owner's equity & & & \\ \hline & & & \\ \hline \hline & & & \\ \hline Total liabilities and owner's equity & & & \\ \hline \end{tabular} What percentage of total operating expenses is attributable to warehouse expenses? (Round your answer to 2 decimal places.)