Problem 3-28 Staten Chapter 04 - Long-Term Financial Planning And Growth - HW 02 Saved Chapter 04 - Long-Term Financial Planning And Growt... 1 Problem 4-10 Applying Percentage of Sales (LO1) Consider the following income statement for the Heir Jordan Corporation: 10 points HEIR JORDAN CORPORATION Income Statement $46,500 36,100 Sales Costs eBook Taxable income Taxes (30%) $ 10,400 3,120 Hint Net income $ 7,280 $3,100 Print Dividends Addition to retained earnings 4,180 References 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 "O" whenever the item is not a constant percentage of sales. Enter each answer as a percent rounded 2 decimal places, e.g., 32.16.) HEIR IQRRAN CORPORATION Problem 3-28 Staten Chapter 04 - Long-Term Financial Planning And Growth - HW 02 Saved Chapter 04 - Long-Term Financial Planning And Growt... 1 Problem 4-10 Applying Percentage of Sales (LO1) Consider the following income statement for the Heir Jordan Corporation: 10 points HEIR JORDAN CORPORATION Income Statement $46,500 36,100 Sales Costs eBook Taxable income Taxes (30%) $ 10,400 3,120 Hint Net income $ 7,280 $3,100 Print Dividends Addition to retained earnings 4,180 References 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 "O" whenever the item is not a constant percentage of sales. Enter each answer as a percent rounded 2 decimal places, e.g., 32.16.) HEIR IQRRAN CORPORATION