Penny's Pool Service & Supply, Incorporated $($PPSS$),$ had the following transactions related to operating the business in its first year's busiest quarter ended September $30$:

Placed and paid for $$2,480$ in advertisements with several area newspapers $($including the online versions$),$ all of which ran in the newspapers during the quarter.

Cleaned pools for customers for $$13,200,$ receiving $$6,900$ in cash with the rest owed by customers who will pay when billed in October.

Paid Pool Corporation, Incorporated, a pool supply wholesaler, $$10,400$ for inventory received by PPSS in May.

As an incentive to maintain customer loyalty, PPSS offered customers a discount for prepaying next year$$s pool cleaning service. PPSS received $$9,800$ from customers who took advantage of the discount.

Paid the office receptionist $$4,400,$ with $$1,320$ owed from work in the prior quarter and the rest from work in the current quarter. Last quarter$$s amount was recorded as an expense and a liability, Wages Payable.

Had the company van repaired, paying $$190$ to the mechanic.

Paid $$160$ for phone, water, and electric utilities used during the quarter.

Received $$185$ cash in interest earned during the current quarter on short$-$term investments.

Received a property tax bill for $$380$ for use of the land and building in the quarter; the bill will be paid next quarter.

Paid $$1,520$ for the next quarter$$s insurance coverage.

Required:

Prepare journal entries for above transactions.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Based only on these quarterly transactions, prepare a classified income statement $($with income from operations determined separately from other items$)$ for the quarter ended September $30.$

Calculate the net profit margin ratio at September $30.$

Note: Enter your percentage answer with $1$ decimal place $($i$.$e$.,32\mathrm{.}1).$