Consider the following income statement for the Heir Jordan Corporation HEIR JORDAN CORPORATION Income Statement $47,200 Sales Costs 35,200 Taxable income 12,000 Taxes (35%) 4,200 7,800 Net income 1,700 Dividends Addition to retained earnings 6,100 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 n 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.) HEIR JORDAN CORPORATION Balance Sheet Percentage of Sales Liabilities and owners' Equity Assets Current assets Current liabilities 3,100 2,400 Cash Accounts payable Accounts receivable 4,400 Notes payable 4,200 Inventory 6,400 6,600 Total 13,900 Total 25,000 Long-term debt Owners' equity Common stock and paid-in surplus 12,000 Retained earnings 5,700 Fixed assets Net plant and equipment 35,400 17,700 Total 49,300 Total liabilities and owners' equity 49,300 Total assets Percentage of Sales