The January transactions are shown below:

a$.$ Received $$56,500$ cash from customers on $1/1$ for subscriptions that had already been earned and charged on account in $2020.$

b$.$ Purchased $10$ new computer servers for $$35,200$ on $1/2$; paid $$12,800$ cash and signed a three$-$year note for the remainder owed.

c$.$ Paid $$15,000$ for an Internet advertisement that ran today on $1/3.$

d$.$ On January $4,$ purchased and received $$4,800$ of supplies on account.

e$.$ Received $$155,000$ cash on $1/5$ from customers for service revenue earned but not previously recorded in January.

f$.$ On January $6,$ paid $$4,800$ cash for supplies purchased on January $4.$

g$.$On January $7,$ sold $15,700$ subscriptions at $$14$ each for services provided during January. Half was collected in cash and half was sold on account.

h$.$Paid $$350,000$ in wages to employees on $1/30$ for work done in January.

i$.$ On January $31,$ received an electric and gas utility bill for $$6,350$ for January utility services. The bill will be paid in February.

Required:

$1.$ Prepare the journal entries to record the transactions $($a$)$ through $($i$).($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$

$2.$ Choose the appropriate accounts to be reported on the income statement. However, you will need to calculate and enter the amount of the net income or loss for the period.

$3.$ Prepare the statement of retained earnings for the month ended January $31,2018.$ You will need to determine and enter the accounts and balances to prepare the Statement of Retained Earnings. If there are no dividends, include a line that reports Dividends of zero

$4.$ Prepare a classified balance sheet. You will need to determine and enter the balance of the Common Stock and Retained Earnings accounts in the Stockholders' Equity section.

$5.$ Calculate the Net Profit Margin $\_\_\_\_\_\%$

Thank you!