Slowpoke Corporation had the following transactions during December 2020: Performed services on account of $74,000. Performed services for cash of $111.000, Received $15,000 cash from a customer for services to be performed in 2021 - Paid $3,000 for rent for the first 3 months of 2021 Accrued $21,000 of employee salaries, with payment due in 2021 Used security services costing $6,000, with payment due in 2021. Paid $82,000 of operating expenses. Based on only these transactions, what Net Income would Slowpoke report in 2020? The Kayode Corporation reported the following income for Year 2: Sales Cost of goods sold Gross margin Selling and administrative expense Operating income Interest expense Income before taxes Income tax expense Net income $34,000 8,800 $25,200 10,800 $14,400 4,800 $ 9,600 2,880 $ 6, 720 What is the company's net margin