can you please explain

Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales Costs $ 53,000 40,900 Taxable income Taxes (22%) $ 12,100 2,662 Net income $ 9,438 Dividends Addition to retained earnings $ 3,500 5,938 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 "0" wheneverrihe item is not a constant percentage of sales. Enter each answer as a percent rounded 2 decimal places, e.g., 32.16.) 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 percentage of sales. Enter each answer as a percent rounded 2 decimal places, e.g., 32.16.) HEIR JORDAN CORPORATION Balance Sheet Percentage of Sales Percentage of Sales Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 3.140 Accounts payable $ Accounts receivable 2.600 4,200 Notes payable 5,700 Inventory 6,500 Total current assets $ 13,840 Total current liabilities $ 8,300 Long-term debt $ 28,000 Fixed assets owners equity Common stock and paid-in surplus Retained earnings Total owners' equity $ Net plant and equipment 5,000 $ 43.200 15,740 $ Total assets 20,740 $ 57,040 Total abilities and owners' equity $ 57,040