The followIng Information is avallable for two different types of buslnesses for the 2018 accounting year. Hopkins CPAs Is a service buslness that provides accounting services to small businesses. Sports Clothing is a merchandising business that sells sports clothing to college students. Date for Hopkins CPAs 1. Borrowed $48,000 from the bank to start the business 2. Provided $38,000 of services to clients and collected $38,000 cash. 3. Pald salary expense of $24,300 Data for Sports Clothing 1. Borrowed $48,000 from the bank to start the business 2. Purchased $27,000 Inventory for cash. 3. Inventory costing $22,700 was sold for $41,000 cash. 4. Pald $3,300 cash for operating expenses. Requlred a. Prepare an Income statement, balance sheet, and statement of cash flows for each of the companles Complete this question by entering your answers in the tabs below Show less Hopkins Inc Hopkins BalHopkins Stmt Sports Inc Sports BalSports Stmt Stmt Sheet CF Stmt Sheet CF Prepare an income statement for Hopkins CPAs HOPKINS CPAs Income Statement For the Year Ended December 31, 2018 Revenue Expenses