How to calculate Net Profit Margin?

a. Swing Hard collected $20,600 from customers for lesson services provided in February b. Swing Hard sold a gift card for golf lessons for $155 cash in February. c. Swing Hard received $2,300 from credit sales made to customers in January. d. Swing Hard collected $2,300 in advance payments for golf lessons to start in June. e Swing Hard billed a customer $180 for services provided between February 25 and February 28. The bill is to be paid in March. f. Swing Hard paid $2,600 for wages to its golf instructors for the month of February g. Swing Hard paid $2,500 for electricity used in the month of January. h. Swing Hard received an electricity bill for $1,420 for the month of February, to be paid in March. Required: 1. Prepare an income statement for Swing Hard Incorporated for the month ended February 28. (This income statement would be considered "preliminary because it uses unadjusted balances.) 2. What is the company's net profit margin, expressed as a percent? Required 1 Required 2 Prepare an income statement for Swing Hard Incorporated for the month ended February 28. (This income statement would be considered "preliminary" because it uses unadjusted balances.) SWING HARD INCORPORATED Income Statement For the Month Ended February 28 Revenues Service Revenue $ 20,600 155 20,755 Total Revenues Expenses Salaries and Wages Expense Utilities Expense 2,600 1,420 Total Expenses Net Income 4,020 16,735 $ Required 1 Required 2 What is the company's net profit margin, expressed as a percent? (Round your answer to 1 decimal place.) Net Profit Margin %