Consider the following income statement for the Heir Jordan Corporation:

HEIR JORDAN CORPORATION Income Statement
Sales					$	46,200
Costs						34,200
Taxable income					$	12,000
Taxes (25%)						3,000
Net income					$	9,000
Dividends	$	3,800
Addition to retained earnings		5,200

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" whenever the item is not a constant percentage of sales. Enter each answer as a percent rounded 2 decimal places, e.g., 32.16.)

Percentage of Sales HEIR JORDAN CORPORATION Balance Sheet Percentage of Sales Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Assets Current assets Cash Accounts receivable Inventory Total 4,000 8,400 2,450 4,000 9,000 15,450 $ | $ $ 12,400 21,000 Fixed assets Net plant and equipment $ 37,600 Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Total liabilities and owners' equity $ 14,000 5,650 19,650 53,050 $ $ Total assets $ 53,050