Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales Costs Taxable income Taxes (23%) Net income Dividends Addition to retained earnings $3,600 7,334 $ 48,200 34,000 $14,200 3,266 $ 10,934 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 to 2 decimal places, e.g., 32.16.) HEIR JORDAN PORATION

Consider the following income statement for the Heir Jordan Corporation: 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 to 2 decimal places, e.g., 32.16.) \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline \multicolumn{8}{|c|}{ HEIR JORDAN CORPORATION } \\ \hline \multicolumn{8}{|c|}{ Balance Sheet } \\ \hline & & & \begin{tabular}{c} Percentage \\ of Sales \end{tabular} & & & & \begin{tabular}{c} Percentage \\ of Sales \end{tabular} \\ \hline \multicolumn{3}{|l|}{ Assets } & & \multicolumn{3}{|l|}{ Liabilities and Owners' Equity } & \\ \hline \multicolumn{3}{|l|}{ Curtent assets } & & \multicolumn{3}{|l|}{ Current liabilities } & \\ \hline Cash & $ & 2,350 & & Accounts payable & $ & 4,000 & \\ \hline Accounts recoivable & & 5,300 & & Notes payable & & 8,200 & \\ \hline Inventory & & 9,000 & & & & & \\ \hline \multirow[t]{2}{*}{ Total current assets } & $ & 16,650 & & Total current liabilities & $ & 12,200 & \\ \hline & & & & Long-term debt & $ & 21,000 & \\ \hline \multicolumn{3}{|l|}{ Fixed assets } & & \multicolumn{3}{|l|}{ Owners' equity } & \\ \hline \multirow[t]{3}{*}{ Net plant and equipment } & $ & 37,200 & & Common stock and paid-in surplus & $ & 12,000 & \\ \hline & & & & Retained earnings & & 8,650 & \\ \hline & & & & Total owners' equity & s & 20,650 & \\ \hline Total assets & $ & 53,850 & & Total liabilities and owners' equity & $ & 53,850 & \\ \hline \end{tabular}