business that provides accounting semices to small businesses. Sports Clothing is a merchandsing business that selis sports clothing to college students. Data for Hopkins CPAs 1. Borrowed $93.600 from the bank to start the business. 2. Provided $62,400 of servkes to clients and cellected 35,000cash 3. Paid salary expense of 533,280 . Data for Sports Clothing 1. Borrowed $93,600 trom the bank to start the business. 2. Purchused $62,400 inventory for cash 3. Inventory costing $27,040 was sold for $52,000cash. 4. Paid $6,320 cash for operating experses. Mequired: a. Prepare an income statement, balance sheet and statement of cash flows for cach of the companics Complete this question by entering your answers in the tabs below. Prepere an hoome statement for Mapkins CPAs