Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales Costs $ 45,600 35,200 Taxable income Taxes (35%) $ 10,400 3,640 Net income $ 6,760 Dividends Addition to retained earnings $ 2,200 4,560 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 whenever the item is not a constant percentage of sales. Enter each answer as a percent rounded decimal places, e.g., 32.16.) whenever the item is not a constant percentage of sales. Enter each answer as a percent TUNDU decimal places, ... 32.16.) HEIR JORDAN CORPORATION Balance Sheet Percentage Percentage of Sales of Sales Assets Current assets Cash Accounts receivable Inventory Liabilities and Owners' Equity Current abilities Accounts payable Notes payable $ 2.400 5,000 $ 2,150 4,900 8,000 $ 7,400 $ 15,050 Total $ 22,000 Long-term debt Owners' equity Common stock and paid in surplus Retained earnings $17.000 5,050 Fixed assets Net plant and equipment $ 36,400 Total $ 22,050 Total assets $ 51.450 Total liabilities and owners' equity $ 51,450