2 Part 2 of 2 Mc Graw Hill Required information (The following information applies to the questions displayed below The following data is provided for Garcon Company and Pepper Company for the year ended Dec Finished goods inventory, beginning Mock in process inventory, beginning Raw materials investory, being Rental cost on factory equipment Direct labor Finished goods inventory, ending Work in process investory, ending Rav materials inventory, ending Factory utilities 25,900 Company 17,100 Company 13,400 19,350 10,500 13,756 31.750 25,400 21.000 39,000 21,350 15.10 11,400 5.400 1,4801 12,750 Indirect labor General and administrative expe 13,000 31.500 60,000 15,650 12,020 Repairs-Factory equipment 6,260 2,400 Raw materials purchases 44,000 3,500 Selling expenses 64,000 47,000 Sales Cash 297,600 22,000 23,700 Accounts receivable, net 13,400 21,450 1. Prepare income statements for both Garcon Company and Pepper Company 2. Prepare the current assets section of the balance sheet for each company Complete this question by entering vour answers in the tabs below. Pack Air 100 Suck my wys 2 Required information Part 2 of 2 Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 311 Mc Graw Hill Direct labor Cost of goods sold Goods available for sale Cost of goods sold 0 $ 0 < Prev 2 8N of 2 Next >> MacBook Air Chadw