3 - Homework The following data is provided for Garcon Company and Pepper Company. Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory Rental cont 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 materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 14,600 16,000 8,900 28,750 24,200 18,950 25,900 6,100 10,950 11,500 29,500 2,300 5,660 48,000 54,400 231,030 26,000 252,500 15,000 Papper Company $ 18,850 20,400 14,700 26,800 41,800 15,400 21,600 9,000 14,500 4,300 56,500 9,220 2,350 59,000 46,600 325,010 20,700 175,825 23, 200 Exercise 18-9 Preparing financial statements for a manufacturer LO C4P2 Required: 1-a. Prepare income statements for both Garcon Company and Pepper Company. 1.h. Prepare the current assets section of the balance sheet for each company -5 Dron Next Required information Required: 1-a. Prepare income statements for both Garcon Company and Pepper Company. 1-b. Prepare the current assets section of the balance sheet for each company. Complete this question by entering your answers in the tabs below. Req 1A Garcon Req 1A Pepper Req 1B Garcon Req 1B Pepper Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31, 2017 0 Operating expenses G Prou Income Statement For Year Ended December 31, 2017 0 Operating expenses Income (loss) before tax $ 0 Regia Garcon 1-d. Freude Lone Statemens TOI DOM GALON LUMUMIVU Peuge 1 Required information Complete this question by entering your answers in the tabs below Req 1A Garcon Req 1A Pepper Req 1B Garcon Req 1B Pepper Prepare the income statement for Pepper Company. ok PEPPER COMPANY Income Statement For Year Ended December 31, 2017 at nt 0 Operating expenses Income (loss) before tax $ 0 1-d. I III.1 Side 11 TUL UROLLOILUHUSIV CU PUUDE LOTURV Required information Complete this question by entering your answers in the tabs below. Req 1A Garcon Req 1A Pepper Req 1B Garcon Req 1B Pepper Prepare the current asset section of the balance sheet for Pepper Company. ok PEPPER COMPANY Partial Balance Sheet + As of December 31, 2017 ht Inventories: 0 Total current assets $ 0