Applying Percentage of Sales $[$LO$1]$ The balance sheet for the Herr Jordan Corporation follows. Based on this information and the income statement in the previous problem, supply the missing information using the percentage of sales approach. Assume that accounts payable vary with sales, whereas notes payable do not. Put $"\frac{n}{a}"$ where needed.

$\backslash$table$[[\backslash$table$[[$HEIR JORDAN CORPORATION$],[$Balance Sheet$]]],[$Assets$,$Liabilities and Owners' Equity$],[,$$$,\backslash$table$[[$ercentage$],[$of Sales$]],,$$$,\backslash$table$[[$Percentage$],[$of Sales$]]],[$Current assets,,,Current liabilities,,$],[$Cash$,$$$3,140,-,$Accounts payable,$$2,600,-],[$Accounts receivable,$4,200,-,$Notes payable,$5,700,-],[$Inventory$,6,500,-,$Total,$$8,300,-],[$Total$,$$$13,840,-,$Long$-$term debt,$$28,000,-],[$Fixed assets$],[\backslash$table$[[$Net plant$],[$and equipment$]],$$$43,200,-,\backslash$table$[[$Owners$\text{'}$ equity$],[$Common stock and$],[$paid$-$in surplus$]],$$$5,000,-],[,,$Retained earnings,$15,740,-],[,,$Total,$$20,740,-],[$Total assets,$$57,040,-,\backslash$table$[[$Total liabilities and$],[$owners$\text{'}$ equity$]],$$$57,040,-]]$