Required information E3-20 (Algo) Analyzing, Recording, and Evaluating the Effects of Income Statement Transactions [LO 3-3, LO 3-4, LO 3-5] [The following information applies to the questions displayed below.] MyBnB started a home rental company on January 1. As of November 30, MyBnB reported the following balances. The company does not yet have a balance in Retained Earnings because this is its first year of operations so no net income has been reported in prior years. Cash Accounts Payable Cleaning Expense Common Stock Equipment Repairs Expense Service Revenue $ 420 1,400 1,260 4,200 Wages Expense $ 3,360 280 2,800 1,120 E3-20 (Algo) Part 6 6. Based on the financial statements prepared in requirement 5, determine whether the owner met her 10 percent net profit margin goal as of December 31. (Round your answer to 1 decimal place.) Net profit margin % 58 10 Next > Help Save & C