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The following transactions are February activities of Swing Hard Incorporated, which offers golfing lessons in the northeastern United States. a Swing Hard collected $21,800 from

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The following transactions are February activities of Swing Hard Incorporated, which offers golfing lessons in the northeastern United States. a Swing Hard collected $21,800 from customers for lesson services provided in February b. Swing Hard sold a gift card for golf lessons for $160 cash in February c Swing Hard received $5,400 from credit sales made to customers in January. d. Swing Hard collected $3,800 in advance payments for golf lessons to start in June e Swing Hard biled a customer $185 for services provided between February 25 and February 28. The bill is to be paid in March Swing Hard paid $6,450 for wages to its golf instructors for the month of February 9. Swing Hard paid $2,400 for electricity used in the month of January n. Swing Hard received an electricity bill for $1,380 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? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 1 Required 2 Prepare an income statement for Swing Hard Incorporated for the month ended February 28. (This inc be considered "preliminary because it uses unadjusted balances.) SWING HARD INCORPORATED Income Statement Revenues 21,800 160 21,960 Total Revenues Expenses Salaries and Wages Expense Utilities Expense 6,450 1,380 7,830 14,130 Net Income $ Required 2 >

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