Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales Costs Taxable income Taxes (24%) Net income $ 43,500 34,100 $ 9,400 2,256 $ 7,144 Dividends Addition to retained earnings $ 4,000 3,144 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.) Assets HEIR JORDAN CORPORATION Balance Sheet Percentage of Sales Liabilities and Owners' Equity Current assets Current liabilities Cash $ 2,550 Accounts payable Accounts receivable 3,800 Notes payable $ 2,400 5,100 Inventory 9,000 Total current assets $ 15,350 Total current liabilities Long-term debt $ 7,500 $ 24,000 Fixed assets Owners' equity Net plant and equipment $ 38,000 Common stock and paid-in surplus 16,000 Retained earnings 5,850 Total owners' equity $ 21,850 Total assets $ 53,350 Total liabilities and owners' equity $ 53,350 Percentage of Sales