3 Part 2 of 2 equirea 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 Company 10 points Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor $ 13,700 14,600 Pepper $ 19,300 23,100 11,500 9,600 32,000 26,800 24,400 43,000 Finished goods inventory, ending 18,500 13,800 Work in process inventory, ending 24,400 21,200 Raw materials inventory, ending 6,000 9,400 eBook Factory utilities 12,450 13,250 General and administrative expenses 31,500 45,500 Indirect labor 13,050 13,800 Repairs-Factory equipment 4,940 3,850 Raw materials purchases 39,000 53,500 Hint Selling expenses 55,600 55,900 Sales Cash 289,740 375,500 34,000 15,700 Accounts receivable, net 14,800 22,700 Print References 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 Req 2 Garcon Req 2 Pepper Prepare the income statement for Garcon Company. GARCON COMPANY