Consider the following statement of comprehensive income for the Dartmoor Corporation:

The statement of financial position for the Dartmoor Corporation follows. Based on this information and the statement of comprehensive income, supply the missing information using the percentage of sales approach. Assume that accounts payable vary with sales, whereas notes payable do not.

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DARTMOOR CORPORATION Statement of Comprehensive Income Sales Cost $47,000 31,300 $ 15,700 5,495 Taxable income Taxes (35%) Net income $ 10,205 Dividends Addition to retained earnings $ 2,500 7,705 DARTMOOR CORPORATION Statement of Comprehensive Income Sales Cost $47,000 31,300 $ 15,700 5,495 Taxable income Taxes (35%) Net income $ 10,205 Dividends Addition to retained earnings $ 2,500 7,705