Following are account balances (in millions of dollars) from a recent StateEx annual report, followed by several typical transactions. Assume that the following are account balances on May 31 (end of the prior fiscal year): Account Balance Account Balance Property and equipment (net) $ 17,294 Receivables $ 2,399 Retained earnings 13,006 Other current assets 1,049 Accounts payable 1,597 Cash 1,224 Prepaid expenses 278 Spare parts, supplies, and fuel 736 Accrued expenses payable 2,410 Other noncurrent liabilities 3,800 Long-term notes payable 1,830 Other current liabilities 2,279 Other noncurrent assets 3,062 Additional Paid-in Capital 1,117 Common stock ($0.10 par value) 3 These accounts are not necessarily in good order and have normal debit or credit balances. Assume the following transactions (in millions, except for par value) occurred the next fiscal year beginning June 1 (the current year); a. Provided delivery service to customers, who paid $9,890 in cash and owed $35,904 on account b. Purchased new equipment costing $3,774; signed a long-term note. c. Paid $11,264 cash to rent equipment and aircraft, with $5,686 for rent this year akd the rest for rent next year. d. Spent $1,204 cash to repair facilities and equipment during the year. e. Collected $34,485 from customers on account. 1. Repaid $320 on a long-term note (Ignore interest) g. Issued 190 million additional shares of $0.10 par value stock for $33 (that's $33 million), h. Paid employees $13,526 for work during the year 1. Purchased spare parts, supplies, and fuel for the aircraft and equipment for $11,664 cash J. Used $7,300 in spare parts, supplies, and fuel for the aircraft and equipment during the year. k. Paid $1,124 on accounts payable. 1. Ordered $122 in spare parts and supplies 3. Prepare an unadjusted income statement for the current year ended May 31. State Ex Income Statement (unadjusted) (in millions) ces 4. Compute the company's net profit margin ratio for the current year ended May 31. (Round your percentage answer to 1 decimal place (i.e., 32.1)). % Not profit margin ratio