Applying Percentage of Sales the balance sheet for the Heir Jordan Corporation follows. Based on this information and the income statement in the previous problem, supply the missing information using the percentage of sales approach. Assume that accounts payable vary with sales, whereas notes payable do not, Put ??n/a?? where needed.

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HEIR JORDAN CORPORATION Balance Sheet Liabilities and Owners' Equity Assets Percentage Percentage of Sales of Sales Current liabilities Current assets S3,650 Accounts payable Cash S2,900 |Noted payable Accounts receivable 7,200 7,600 6,300 Inventory Total S10,500 S21,000 Long-tem debt Total S17,150 Owners' equity Fixed assets Common stock and S15,000 paid-in-surplus Net Retained eamings 2,150 and S31,500 plant equipment Total S17,150 Total liabilities and $48,650 Total assets S48,650 owners' equity