Consider the following income statement for the Heir Jordan Corporation: 37 HEIR JORDAN CORPORATION Income Statement Sales Costs $ 53,000 40,900 10 points Taxable income Taxes (22%) $ 12.100 2,662 Skipped Net income $ 9.438 Dividends Addition to retained earnings $ 3,500 5.938 Print References 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.) HEIR JORDAN CORPORATION Balance Sheet Percentage of Sales Percentage of Sales Liabilities and Owners' Equity Assets Current assets Current liabilities Cash $ Accounts payable $ 2,600 3,140 4,200 Accounts receivable Notes payable 5,700 Inventory 6,500 13.840 Total current assets $ Total current liabilities $ 8,300 $ 28,000 Fixed assets S 5,000 Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total owners' equity Total liabilities and owners' equity Net plant and equipment $ 43,200 15,740 $ 20,740 Total assets $ 57,040 $ 57,040