The balance sheet for Heir Jordan Corp is shown below. Based on this information and the income

statement in the previous problem, supply the missing % information in the table using the percent

sales approach. Put n/a where appropriate. Hint: look back through the chapter and see which

balance sheet accounts are a percent of sales and which are not.

HEIR JORDAN CORPORATION Pro Forma Income Statement Sales Costs Taxable income Taxes (35%) Net income 37,600 $8,400 2,940 $5,460 Dividends: S2,400 Addition to Ret Earnings: $3,060