HEIR JORDAN CORPORATION Income Statement $49,000 40,300 Sales Cost Taxable income Taxes (22%) $ 8,700 1,914 Net income $ 6,786 Dividends Addition to retained eamings $2,400 4,386 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.) $ $ HEIR JORDAN CORPORATION Balance Sheet Percentage of Sales Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Percentage of Sales Assets Current assets Cash Accounts receivable Inventory Total $ $ 2,950 4,100 6,400 13,450 2.400 5.400 Total $ S 7,800 28.000 Fixed assets Net plant and equipment Long-term debt Owners' equity Common stock and paid-in surplus Retained earings Total Total liabilities and owners' equity $ S 41,300 15,000 3,950 18,950 54,750 Total assets $ 54.750 $ $