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Still says answer is incomplete... can someone please solve and explain The following information is available for two different types of businesses for the Year

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The following information is available for two different types of businesses for the Year 1 accounting year. Hopkins CPAs is a service business that provides accounting services to small businesses. Sports Clothing is a merchandising business that sells sports clothing to college students. Data for Hopkins CPAs 1. Borrowed $90,900 from the bank to start the business. 2. Provided $60,600 of services to clients and collected $50,500 cash. 3. Paid salary expense of $32,320. Data for Sports Clothing 1. Borrowed $90,900 from the bank to start the business. 2. Purchased $60,600 inventory for cash. 3. Inventory costing $26,260 was sold for $50,500 cash. 4. Paid $8,080 cash for operating expenses. Required a. Prepare an income statement, balance sheet, and statement of cash flows for each of the companies. Prepare a balance sheet for Hopkins CPAs. Prepare an income statement for Hopkins CPAS. Prepare a statement of cash flows for Hopkins CPAs. (Cash outflows should be indicated with a minus sign.) Prepare an income statement for Sports Clothing. Prepare a balance sheet for Sports Clothing. Prepare a statement of cash flows for Sports Clothing. (Cash outflows should be indicated with a minus sign.)

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