The following information is available for two different types of businesses for the 2018 accounting year business that provides accounting services to small businesses. Sports Clothing is to college students . Hopkins CPAs is a service is a merchandising business that sells sports clothing Date for Hopkins CPAs 0100:47 1. Borrowed $38,000 from the bank to start the business 2 Provided $40,000 of services to clients and collected $40,000 cash. 3. Paid salary expense of $25,60o. Data for Sports Clothing 1. Borrowed $38,000 from the bank to start the business 2. Purchased $29,000 inventory for cash. 3. Inventory costing $24,400 was sold for $44,000 cash 4. Paid $3,500 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. 7of 20 Next > <.prev>