Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales $ 47,900 Costs 33,900 Taxable income Taxes (22%) $ 14,000 3,080 Net income $ 10,920 Dividends Addition to retained earnings $3,300 7,620 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 "0" whenever the item is not a constant percentage of sales. Enter each answer as a percent rounded 2 decimal places, e.g. 32.16.) SOS 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 Percentage of Sales $ $ 2.200 5,000 8,000 15,200 4,000 5,100 $ Total Long-term debt Owners equity $ $ Fixed assets 9.100 22,000