A Show Work This question deals with the items and the amounts that two entities, Outback Services Inc. (Outback) and City of Hamilton (Hamilton). should report in their financial statements. 1. On March 31, 2020, Outback collected $10,400 in advance from Hamilton, a client. Under the contract, Outback is obligated to provide consulting services for Hamilton evenly during the year ended March 31, 2021. Assume you are Outback. Outback's income statement for the year ended December 31, 2020, will report of $ Outback's balance sheet at December 31, 2020, will report of $ 2. Assume that you are Hamilton Hamilton's income statement for the year ended December 31, 2020, will report of $ Hamilton's balance sheet at December 31, 2020, will report of $ Etic IS 1. Determine what Outback will report on its income statement. Now determine what Outback will report on its balance sheet. cui ar 2. Determine what Hamilton will report on its income statement. an Finally, determine what Hamilton will report on its balance sheet. th