Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales $42,000 Costs 33,000 Taxable income Taxes (21%) $ 9,000 1,890 Net income $ 7,110 Dividends Addition to retained earnings $2,500 4,610 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 4,000 3,000 4,200 6,400 13,600 $ $ 6,400 28,000 $ Fixed assets Net plant and equipment $ 35,000 Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Total liabilities and owners' equity $ 10,000 4.200 14,200 48,600 Total assets $ 48,600 $