May 1 Paid $2,900 cash for an insurance policy that covers the period from June 1 until May 31 next year. May 4 Ordered five new massage tables from Spa Supplies Unlimited for $240 each for future delivery. May 7 Provided $790 of spa services to customers on account. May 10 Received spa supplies purchased for $920 on account to use at Nicole's Getaway Spa. May 13 Received a bill for $46 for running an advertisement in the newspaper in May. The bill was paid in cash. May 16 Paid one-quarter of the amount owed from May 10. May 19 Customers paid $1,600 cash for NGS gift cards. No gift cards have been used. May 20 Obtained financing from the bank by signing a $5,800 two-year note payable. The $5,800 cash was deposited in NGS's bank account May 22 Received two of the massage tables ordered on May 4 and paid for the two tables in cash. May 25 Paid $480 cash for utility bills for services received and billed in May. CC3-1 (Algo) Part 2 2. Calculate NGS's preliminary net income and net profit margin for the month. (Round "Net Profit Margin" to 1 decimal place.)