Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales $45,000 Costs 35,000 Taxable income $ 10,000 Taxes (22%) 2,200 Net income $ 7,800 Dividends Addition to retained earnings $2,600 5,200 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 2 decimal places, e.g., 32.16.) Percentage of Sales HEIR JORDAN CORPORATION Balance Sheet Percentage of Sales Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable $ Assets Current assets Cash Accounts receivable Inventory Total $ 2,400 4,100 3,050 4,300 6,400 13,750 $ $ 6,500 28,000 Fixed assets Net plant and equipment $ 35,200 Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Total liabilities and owners' equity $ 11,000 3,450 14,450 48,950 AEA Total assets $ 48,950