Complete this question by entering your answers in the tabs below. Prepare a balance sheet for Sports Clothing. 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. Prepare a balance sheet for Hopkins CPAs. Data for Hopkins CPAs 1. Borrowed $99,900 from the bank to start the business. 2. Provided $66,600 of services to clients and collected $55,500 cash. 3. Paid salary expense of $35,520. Data for Sports Clothing 1. Borrowed $99,900 from the bank to start the business. 2. Purchased $66,600 inventory for cash. 3. Inventory costing $28,860 was sold for $55,500 cash. 4. Paid $8,880 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. Prepare an income statement for Hopkins CPAs. 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. Prepare an income statement for Sports Clothing. 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. Prepare a statement of cash flows for Hopkins CPAs. (Cash outflows should be indicated with a minus sign.) Complete this question by entering your answers in the tabs below. Srepare a statement of cash flows for Sports Clothing. (Cash outflows should be indicated with a minus sign.)