Consider the following income statement for the Heir Jordan Corporation: Sales Costs HEIR JORDAN CORPORATION Income Statement $ 47,900 33,900 Taxable income Taxes (22%) $ 14,000 3,080 Net income $ 10,920 $3,300 Dividends Addition to retained earnings 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 "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 Assets Current assets Cash HEIR JORDAN CORPORATION Balance Sheet Percentage of Sales Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable $ $ 4,000 2,200 5,000 8,000 15,200 Accounts receivable Inventory Total 5.100 $ Total Long term debt Owners' equity $ $ 9,100 22,000 Foxed assets 63,352 A O