3 Required information (The following information applies to the questions displayed below.) Part 2 of 2 The following data is provided for Garcon Company and Pepper Company for the year ended December 31. 3 points Garcon Company $ 12,000 14,500 7,250 27,000 19,000 22,000 Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities General and administrative expenses sene Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net 17,650 5,300 9,000 1000 21,000 9,450 2:14 4,780 33,000 50,000 195,030 20,000 13, 200 Pepper Company $ 16,450 19,950 9,000 22,750 35,000 13,300 16,000 7,200 12,000 43,000 10,860 1,500 52,000 * 46,000 290,010 15,700 19,450 1. Prepare income statements for both Garcon Company and Pepper Company. ! Required information 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 31 Cost of goods sold: Goods available for sale 0 Cost of goods sold 0 Net income $ 0 ! Required information Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper Prepare the income statement for Pepper Company. PEPPER COMPANY Income Statement For Year Ended December 31 Cost of goods sold: Goods available for sale 0 Cost of goods sold 0 Net income $ 0 Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper Prepare the current asset section of the balance sheet for Garcon GARCON COMPANY Balance Sheet Current Assets Section December 31 Total current assets $ 0 Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper Prepare the current asset section of the balance sheet for Pe PEPPER COMPANY Balance Sheet-Current Assets Section December 31 Total current assets $ $ 0 Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31 Cost of goods sold: Goods available for sale 0 at of anado mold 0 Add: Finished goods inventory, beginning Add: Finished goods inventory, ending Less: Finished goods inventory, beginning $ 0 Less: Finished goods inventory, ending Jarcon Req 1 Pepper ! Required information Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31 . Raw materials inventory, ending Raw materials purchases Rental cost on factory equipment 0 Repairs-Factory equipment Sales 0 Net income 0 ! Required information Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31 a . Repairs-Factory equipment Sales Selling expenses 0 Work in process inventory, beginning Work in process inventory, ending 0 Net income 0 Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31 of annda sald. Finished goods inventory, beginning Finished goods inventory, ending General and administrative expenses 0 Indirect labor Raw materials inventory, beginning 0 Raw materials inventory ending Net income 0 Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31 of anoda cold. Accounts receivable, net Cash Cost of goods manufactured 0 Direct labor Factory utilities 0 riniabad man . . ._:_ Laminnina Net income $ 0 Prepare the current asset section of the balance sh GARCON COMPANY Balance Sheet Current Assets Section December 31 Accounts receivable, net Cash Cost of goods manufactured Direct labor Factory equipment, net 0 Chetan utilition Prepare the current asset section of the balance shee GARCON COMPANY Balance Sheet Current Assets Section December 31 Raw materials purchases Rental cost on factory equipment Repairs-Factory equipment Sales Selling expenses 0 Work in process inventory Prepare the current asset section of the balance shee GARCON COMPANY Balance Sheet-Current Assets Section December 31 Factory utilities Finished goods inventory General and administrative expenses Indirect labor Raw materials inventory 0