2 Rowland & Sons Air Transport Service, Incorporated, has been in operation for three years. The following transactions occurred in February 02:59:04 February 1 Paid $215 for rent of hangar space in February February 4 Received customer payment of $1,210 to ship several item to Philadelphia next month February 7 Tew cargo from Denver to Dallas; the customer paid in full 81,120 cash) February 10 Incurred and paid $2,200 in pilot vagen for flying in February Tebruary 14 Paid 9200 for an advertisement on the local paper on February 14. February 18 Flev care for two customer fron Dallas to Albuquerque for $1,05 on customer paid 056 cash and the other asked to be billed L, 240. Tebruary 25 Purchased on account $1,360 in supplies for future we on the planes. Required: 1. Prepare accrual basis journal entries for each transaction. 2. Calculate the company's preliminary net income. 3. Calculate the company's net profit margin expressed as a percent. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Prepare accrual basis journal entries for each transaction. (17 no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction Journal entry worksheet Paid $215 for rent of hangar space in February, Record the transaction