Consider the following income statement for the Heir Jordan Corporation:

HEIR JORDAN CORPORATION Income Statement
Sales					$	47,900
Cost						33,900
Taxable income					$	14,000
Taxes (35%)						4,900
Net income					$	9,100
Dividends	$	2,300
Addition to retained earnings		6,800

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. Round your answers to 2 decimal places. (e.g., 32.16))

HEIR JORDAN CORPORATION Balance Sheet

$

Percentage of Sales

$

Percentage of Sales

Assets

Liabilities and Owners