1-a. Prepare income statements for both garon company and pepper company

1-b. Prepare the current assets section of the balance sheet for each company

Garcon Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used General and administrative expenses Indirect labor Repairs-Factory equipment Raw naterials purchases Se1ling expenses Sales 12,000 14,500 7,250 27,000 19,000 17,650 22,000 5,300 9,000 8,200 21,000 1,250 4,780 33,000 50,000 195,030 20,000 212,500 13,200 s 16,450 19,950 9,000 22,750 35,000 13,300 16,000 7,200 12,000 3,200 43,000 7,660 1,500 52,000 46,000 290,010 15,700 115,825 19,450 Factory equipment, net Accounts receivable, net Prepare the income statement for Garcon CompanyPrepare the income statement for Pepper Company GARCON COMPANY Income Statement For Year Ended December 31, 2017 PEPPER COMPANY Income Statement For Year Ended December 31, 2017 Operating expenses Operating expenses Income (loss) before tax Income before tax Prepare the current asset section of the balance sheet for Pe Prepare the current asset section of the balance sheet for G GARCON COMPANY Partial Balance Sheet As of December 31, 2017 PEPPER COMPANY Partial Balance Sheet As of December 31, 2017 Inventories: Total current assets Total current assets