Christina's Crossfit Gym opened its doors for business in May 2018. As part of her opening activities, Christina is beginning to ramp up advertising, and she also is offering gift certificates. Following are the transactions that occurred during the month of May at Christina's Crossfit Gym (CCG). May 1 Paid $3,400 cash for an insurance policy that covers the period from June 1 until May 31 next year. Ordered five new weight benches from Arnold's Weightlifting Equipment, Inc. for May $290 each for future delivery. May 7 Provided $835 of cross personal training services to customers on account . Received supplies (such as chalk and cleaning materials) for a total of $1,280 on may account to use at CCG. May 13 Received a bill for $66 for running an advertisement in the newspaper in May, The bill was immediately paid in cash. May 16 Paid one-quarter of the amount owed from May 10. May 19 ssued $2,100 of gift certificates to customers for cash. Obtained financing from the bank by signing a $7,600 two-year note payable. May Received two of the weight benches ordered on May 4 and paid the full amount in cash for the two benches. May Paid $575 cash for utility bills for electrical, water, and sewer services used and 25 billed in May. May 20 22 2. Calculate CCG's preliminary net income (the unadjusted net income before any noncash adjusting entries are made) and net profit margin for the month of May. (Round "Net Profit Margin" to 1 decimal place.) CCG's Preliminary Net Income CCG's Net Profit Margin