Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales Costs $ 43,800 34,800 Taxable income Taxes (35%) $ 9,000 3,150 Net income $ 5,850 Dividends Addition to retained earnings $3,300 2,550 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.) Assets Current assets HEIR JORDAN CORPORATION Balance Sheet Percentage of Sales Liabilities and Owners' Equity Current liabilities Cash $ 2,700 Accounts payable Accounts receivable Inventory 3,500 9,000 Notes payable Total $ 15,200 Total Long-term debt Owners' equity $ 2,400 5,400 Fixed assets Net plant and equipment $ 38,600 Common stock and paid-in surplus Retained earnings Total $ 7,800 $ 24,000 $ 19,000 3,000 $ 22,000 Total assets $ 53,800 Total liabilities and owners' equity $ 53,800 Percentage of Sales