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Good to Go Auto Products distributes automobile parts to service stations and repair shops.
- Create a classified income statement for the year ended December 31, 2019. The expense accounts represent warehouse expenses, selling expenses, and general and administrative expenses.
- Create a statement of owner's equity for the year ended December 31, 2019. No additional investments were made during the period.
- Create a classified balance sheet as of December 31, 2019. The mortgage payable extends for more than one year.
What percentage of total operating expenses is attributable to warehouse expenses?