Borrowed $105,300 from the bank to start the business. Provided $70,200 of services to clients and collected $58,500 cash. Paid salary expense of $37,440. Data for Sports Clothing Borrowed $105,300 from the bank to start the business. Purchased $70,200 inventory for cash. Inventory costing $30,420 was sold for $58,500 cash. Paid $9,360 cash for operating expenses