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Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement $49,000 40,300 Sales Cost Taxable income Taxes (22%) $ 8,700
Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement $49,000 40,300 Sales Cost Taxable income Taxes (22%) $ 8,700 1.914 Net income $ 6,786 $2,400 Dividends Addition to retained earnings 4.386 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 sokes whereas notes payable do not Ilenve no cells blank be certain to enter o' whenever the item is not a constant percentage of sales. Enter och answer as a percent rounded 2 decimal places, e.ge 32.16 5 HEIR JORDAN CORPORATION Balance Sheet Percentage of Sales Liabilities and Owners Equity Curtortlaides $ Percentage of Sales Current as $ Newbie 25 4100 6400 13-150 2.400 54001 Tony 3 $ 1.2001 28.000 $ TO Long-term det Owners'aguly Common stock and paid in Randers Total $ 15.000 Fotomandement 5 41300 Toneel S 3 S 18.950 540 Relates and owners
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