The following information is available for two difterent types of bustnesses for the Year 1 accounting yeor hophins CPAs is a service: business that provides accounting services to smoll busimessen. Sports Clothing is a merchandising bustess that sells sports clothing to college students. Date for Hopkins CPAs 1. Borrowiod $99,900 from the bank to 4tn it the business. 2. Provided $66,600 of serpices to clients and collectod $55,500cnsh 3. Paid salary oxpense of $35,520. Date for Sports Clothing 1. Borrowod 599,900 fiom the bank to start Ehe businest. 2. Purchosed $66,600 inventory for cash. 3. Invernary costrig $28,850 was sold for $55.500 cash 4. Paid $8,880 cash for operoting expenses. Reguired a. Prepare an income statement, batancal sheet, and stetement of cash fowr for ench of the comparies: Connglete this quention by caterina yoae answers in the tals below. Prepare an incoetie statembent for Hopkans cPAs