Feb. Feb. Rowland & Sons Air Transport Service Ltd. has been in operation for three years. The following transactions occurred in February 2017: Feb. 1 Paid $300 for rent of hangar space in February. 4 Received customer payment of $900 to ship several items to Victoria next month. 7 Flew cargo from Winnipeg to Regina; the customer paid in full ($1,eee cash). Feb. 10 Paid pilot $2,200 in wages for flying in February. Feb. 14 Paid $20 for an advertisement run in the local paper on February 14. Feb. 18 Flew cargo for two customers from Edmonton to Lake Louise for $3,200; one customer paid $1,eee cash and the other asked to be billed $2,200. Feb. 25 Purchased on account $1,458 in spare parts for the planes. Required: 1-a. Prepare journal entries for each transaction. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 5 6 7 Pald $300 for rent of hangar space in February Note: Enter debits before credits General Journal Debit Credit Transaction 02/01 Journal entry worksheet 1 2 3 3 4 5 6 7 > Paid $300 for rent of hangar space in February. Note: Enter debits before credits. General Journal Debit Credit Transaction 02/01 Record entry Clear entry View general journal 1-b. Calculate the company's net income. Preliminary net income 1-b. Calculate the company's net income. Preliminary net income 1-c. Calculate the net profit margin expressed as a percent. (Round your answer to one decimal place.) Net Profit Margin