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Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) 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 (indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 14,700 18,800 11,600 27,500 24,000 20,300 26,500 7,800 10,800 10,900 26,500 1,800 5,660 45,500 53,600 198,030 26,000 242,500 14,800 Pepper Company $ 18,250 23,550 12,300 25,000 44,200 15,300 18,400 7,600 14,000 3,400 52,000 9,340 2,900 66,500 51,400 330,010 21,700 124,825 19,950 Required: 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. Req 1 Garcon Req 1 Pepper Reg 2 Garcon Req 2 Pepper Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31, 2019 0 Operating expenses Income (loss) before tax s 0