Question 4 (40 points) Question based on modified problems 3.5 from the reference text [Flynn (2009)1 from page 79&80 of the textbook Imaging you are the manager of a small distribution company A and you are considering to buy a medium-sized distribution company, Distco, to expand your business. Some basic information of Distco: the COGS and SG&A determinations have changed every year in the past. They have three warehouses with two permanent staffs per warehouse (One to take orders and arrange shipping and one to package up orders) Temporary staff might be needed for busy times. In addition, the head office has a president, a receptionist, two bookkeepers and a two-person sales team. Please answer the questions below: (a) Please classify the following accounts into COGS, SG&A or asset. (16 points) Warehouse staff salaries Annual Christmas party Temporary staff salaries Purchase cost of chemicals and supplies Shipping cost from supplier to warehouse Shipping cost from warehouse to customer Phone costs Travel for sales staff Head office staff salaries Cost of benefits for permanent staff Cost of storage racks