Consider the following income statement for the Mickey Mouse Corporation: Sales Costs Taxable income Taxes (25%) Net income Dividends Income Statement $ 47,600 35,600 $ 12,000 3,000 $9,000 $ 3,000 6,000 Addition to retained earnings The balance sheet for the Mickey Mouse 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 to 2 decimal places, e.g., 32.16.) HEIR JORDAN CORPORATION Balance Sheet Percentage of Sales Assets Current assets Liabilities and Owners' Equity Current liabilities Cash $ 2,050 Accounts payable Accounts receivable 4,700 Notes payable $ 2,400 4,500 Inventory 6,400 Total current assets $ 13,150 Total current liabilities Long-term debt $ 6,900 $ 25,000 Fixed assets Owners' equity Net plant and equipment $ 36,000 Common stock and paid-in surplus $ 15,000 Retained earnings 2,250 Total owners' equity $ 17,250 Total assets $ 49,150 Total liabilities and owners' equity $ 49,150 Percentage of Sales