The December 31, Year 4, balance sheet for Jordan Corporation is presented here. These are the only accounts on Jordan's balance sheet. Amounts indicated by question marks (?) can be calculated using the following additional information: JORDAN CORPORATION Balance Sheet As of December 31, Year 4 Assets Cash $ 30,000 Accounts receivable (net) ? Inventory ? Property, plant, and equipment (net) 310,000 $450,000 Liabilities and Stockholders' Equity Accounts payable (trade) Income taxes payable (current) Long-term debt Common stock Retained earnings $ ? 30,000 ? 316,000 ? $ ? Additional Information Current ratio (at year end) Total liabilities + Total stockholders' equity Gross margin percent Inventory turnover (Cost of goods sold + Ending inventory) Gross margin for Year 4 1.4 to 1.0 60% 40% 10.8 times $360,000