Based on the income statement and balance sheet for Bankowski Corporation, calculate the company's Profit Margin (Net Profit Margin) for 2017. State your answer as a percentage (%). Round your answer to 1 decimal place. Bankowski Corporation Income Statement For YeakEnded December 31, 2017 Sales $504.000 Cost of goods sold $327.600 Depreciation expense 33.000 Other operating expenses 125,500 (486,100) Other gains (losses): Gain on sale of equipment 5.2001 Income before taxes $23.100 Income tax expense (4.800) Net income $18,300 Bankowski Corporation Balance Sheets At December 31 2017 2016 Assets Cash $62,650 $55,800 NacBook SO QOG DOD DD Dil FB FS F7 595 $ % A * & 7 4 5. 6 OC 9 C 2668/quizzes/227868/take/questions/4964305 DAGLE JUICCL At December 31 2017 2016 Assets: Cash $62,650 $55,800 21,000) 29,000 58,000 52,100 240,000 222,000 (97,000) (96,000) $284,650 $262,900 Accounts receivable Inventory Equipment Accumulated depreciation Total assets Liabilities: Accounts payable Income taxes payable Total liabilities Equity: Common stock Paid-in Capital in excess of par value Retainedeamings Total equity Total liabilities and equity $28,400 1,050 $29,450 $23,700 1,200 $24,900 $106,000 $106,000 18,000 18,000 131,200 114,000 $255,200 $238,000 $284,650 $262,900 AD AN Equity: Common stock Paid-in Capital in excess of parvalue Retainedeamings Total equity Total liabilities and equity O 65 O 5.6 O 56.5 O 3.6