Hey, can someone please help me with this question? Thanks! I'm quite confused :(

2) Question: What's the preliminary net income?

3) Question: What's the net profit margin %? (round your answer to 1 decimal place)

Thank you for your time sir/ma'am. I greatly appreciate it!

Rowland & Sons Air Transport Service, Inc., has been in operation for three years. The following transactions occurred in February: Feb. 1 Paid $200 for rent of hangar space in February. Feb. 4 Received customer payment of $800 to ship several items to Philadelphia next month. Feb. 7 Flew cargo from Denver to Dallas; the customer paid in full ($900 cash). Feb.10 Incurred and paid $1,200 in pilot wages for flying in February. Feb. 14 Paid $100 for an advertisement run in the local paper on February 14. Flew cargo for two customers from Dallas to Albuquerque for $1,700; one customer paid $500 cash and the other Feb.18 asked to be billed $1,200. Feb. 25 Purchased on account $1,350 in supplies for future use 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare accrual basis journal entries for each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) No General Journal Credit Date Feb 01 Debit 200 1 Rent Expense Cash 200 Feb 04 450 X Accounts Payable 450 X 3 Feb 07 800 X Cash Utilities Expense 800 Feb 10 Cash 900 x Sales Revenue 900 X Feb 14 1,200 X Salaries and Wages Expense Cash 1,200 X Feb 18 Cash 500 Accounts Receivable 1,200 X Feb 25 1,350 Equipment Accounts Payable 1,350