Construct the company's current balance sheet.

\begin{tabular}{|lr} \hline Current Year & \\ \hline Sales & 70,000 \\ Total Costs (COGS \& Admin.) & 55,000 \\ Cash & 3,140 \\ Accounts receivable & 4,200 \\ Inventory & 6,500 \\ Net plant and equipment & 145,000 \\ Accounts payable & 2,600 \\ Notes payable & 5,700 \\ Long-term debt & 28,000 \\ Common stock\& Paid-in Capi & 5,000 \\ Retained earnings & 117,540 \\ Dividends Paid & 4,200 \\ Net income & 11,850 \\ Tax rate & 21% \\ \hline \end{tabular} HEIR JORDAN CORPORATION