The following transactions are February activities of Swing Hard Incorporated, which offers golfing lessons in the northeastern United States. a. Swing Hard collected $25,400 from customers for lesson services provided in February. b. Swing Hard sold a gift card for golf lessons for $125 cash in February. c. Swing Hard received $3,800 from credit sales made to customers in January. d. Swing Hard collected $2,500 in advance payments for golf lessons to start in June. e. Swing Hard billed a customer $155 for services provided between February 25 and February 28. The bill is to be paid in March. f. Swing Hard paid $4,200 for wages to its golf instructors for the month of February. g. Swing Hard paid $1,000 for electricity used in the month of January. h. Swing Hard received an electricity bill for $910 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 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.) SWING HARD INCORPORATED Income Statement For the Month Ended February 28 Revenues Total Revenues Expenses Total Expenses Net Income