2 Part 2 of 2 Skipped 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 December 31. Garcon Pinished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Company Pepper Company $13,800 $ 19,150 17,100 23,400 10,500 12,750 31,750 25,600 21,800 39,800 Finished goods inventory, ending 21,350 15,100 Work in process inventory, ending 25,900 21,400 Raw materials inventory, ending 5,600 7,600 Factory utilities 12,750 15,000 General and administrative expenses 31,500 60,000 Indirect labor 15,650 12,020 Repairs-Factory equipment 6,260 2,400 Raw materials purchases 44,000 62,500 Selling expenses 64,000 47,800. 297,600 382,950 Sales Cash 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 your answers in the tabs below. Next > Check my work