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Borrowed $ 4 4 , 0 0 0 from the bank to start the business. Provided $ 3 4 , 0 0 0 of services

Borrowed $44,000 from the bank to start the business.
Provided $34,000 of services to clients and collected $34,000 cash.
Paid salary expense of $21,800.
Data for Sports Clothing
Borrowed $44,000 from the bank to start the business.
Purchased $23,000 inventory for cash.
Inventory costing $19,300 was sold for $35,000 cash.
Paid $2,800 cash for operating expenses.
Required:
a. Prepare an income statement, balance sheet, and statement of cash flows for each of the companies.
Complete this question by entering your answers in the tabs below.
\table[[\table[[Hopkins],[Income],[Statement]],\table[[Hopkins],[Balance Sheet]],\table[[Hopkins],[Statement],[Cash Flows]],\table[[Sports Income],[Statement]],\table[[Sports Balance],[Sheet]],\table[[Sports],[Statement],[Cash Flows]]]]
\table[[HOPKINS CPAs],[Statement of Cash Flows,],[Cash flows from operating activities:,,],[,,],[,,],[Net cash flow from operating activities,,],[Cash flows from investing activities:,,],[,,],[,,],[Net cash flow from investing activities,,],[Cash flows from financing activities:,,],[,,],[,,],[Net cash flow from financing activities,,],[,,],[,,0],[Ending cash balance,,]]
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