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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 $24,800 from customers for lesson services provided in February. b. Swing Hard sold a gift card for golf lessons for $145 cash in February. c Swing Hard recelved $3,300 from credit sales made to customers in January. d. Swing Hard collected $2,800 in advance payments for golf lessons to start in June. e. Swing Hard billed a customer $175 for serviqes provided between February 25 and February 28 . The bill is to be paid in March 1. Swing Hard paid $6,650 for wages to its gotf instructors for the month of February g Swing Hard paid \$2,300 for electricity used in the month of January. h. Swing Hard recelved an electricity bill for $1,530 for the month of February, to be paid in March Required: 1. Prepare an income statement for Swing Hard incorpolated 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. What is the company's net profit margin, expressed as a percent? (Round your answer to 1 decimal place 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.)

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