Given the transactions in M3- 17 and M3- 18 (including the examples), prepare an income statement for Swing Hard Incorporated for the month ended February 28. (This income statement would be considered “ preliminary” because it uses unadjusted balances.) What is the company’s net profit margin, expressed as a percent (to one decimal place)?

Refer M3-17

Refer M3-18

Transaction AssetsLiabilties Stockholders' Equity +15,000 a. Swing Hard collected $15,000 from customers for lesson b. Swing Hard sold a gift card for golf lessons for $150 cash c. Swing Hard received $4,000 from credit sales made to d. swing Hard collected $2250 in advance payments for e. Swing Hard billed a custcmer $125 for services provided NE Service Revenue +R) +15.000 services provided in February in February customers in January golf lessons to start in June between February 25 and February 28. The bill is to be paid in March. Transaction Assets Liabilities Stockholders Equity Salaries and Wages Expense (+E)-4750 a. Swing Hard paid $4,750 for wages to its golf b. Swing Hard paid $1750 for electricity used in the c. Swing Hard received an electricity bill for $800 for -4750 NE instructors for the month of February month of January the month of February, to be paid in March.