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8 Consider the following income statement for the Heir Jordan Corporation: Income Statement 10 points Sales Cost $49,000 40,300 $ 8,700 1,914 Taxes (22%) Net

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8 Consider the following income statement for the Heir Jordan Corporation: Income Statement 10 points Sales Cost $49,000 40,300 $ 8,700 1,914 Taxes (22%) Net income Dividends Hint $2.400 4,386 Print Addition to retained earnings The balance sheet for the Heir Jordan Corporation follows. Based on this information and the income statement, supply the missing information using the percentage of sales approach. Assume that accounts payable vary with sales, whereas notes payable do not. (Leave no cells blank- be certain to enter "O" whenever the item is not a constant percentege of sales. Enter each answer os a percent rounded 2 decimal places, e.g. 32.16.) 8 of 4.100 $ 28,000 S 54,750 S 54,750

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