Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales $ 48,800 Costs 34,800 Taxable income Taxes (22%) $ 14,000 3,080 Net income $ 10,920 Dividends Addition to retained earnings $ 4,200 6,720 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 to 2 decimal places, e.g., 32.16.) Percentage of Sales Assets HEIR JORDAN CORPORATION Balance Sheet Percentage of Sales Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable $ $ Current assets Cash Accounts receivable Inventory Total current assets 2,400 5,300 2,650 3,600 9,000 15,250 $ $ 7,700 24,000 $ Fixed assets Net plant and equipment $ 38,400 Total current liabilities Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total owners' equity Total liabilities and owners' equity $ 18,000 3,950 21,950 53,650 $ Total assets $ 53,650 $