6 ! Required information (The following information applies to the questions displayed below.) Part 2 of 3 The following data is provided for Garcon Company and Pepper Company for the year ended December 31. 10 points Pepper Skipped eBook 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 Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net Garcon Company $ 14,000 18,900 10,400 28,250 20,600 17,900 26,200 7,800 12,900 31,500 12,300 6,980 42,000 60,000 270, 240 34,000 16,600 Company $ 16,750 23,850 11,700 22,150 39,000 15, 200 20,000 8,800 16, 750 57,500 12,700 2,650 63,000 59,500 375, 780 24,200 21,450 Hint 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. 6 Required information Complete this question by entering your answers in the tabs below. Part 2 of 3 Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper 10 points Prepare the income statement for Garcon Company. Skipped GARCON COMPANY Income Statement For Year Ended December 31 eBook Cost of goods sold: 0 Hint Goods available for sale 0 Print Cost of goods sold 0 lo References $ 0 6 Required information Part 2 of 3 Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper Prepare the income statement for Pepper Company. 10 points PEPPER COMPANY Skipped Income Statement For Year Ended December 31 Cost of goods sold: eBook Hint Goods available for sale 0 Cost of goods sold 0 Print References Net income $ 0 6 Required information Part 2 of 3 Complete this question by entering your answers in the tabs below. Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper 10 points Prepare the current asset section of the balance sheet for Garcon Company. Skipped GARCON COMPANY Balance Sheet Current Assets Section December 31 eBook Hint Print Total current assets $ 0 References 6 Required information Part 2 of 3 Complete this question by entering your answers in the tabs below. Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper 10 points Prepare the current asset section of the balance sheet for Pepper Company. Skipped PEPPER COMPANY Balance Sheet-Current Assets Section December 31 eBook 0 Hint Print Total current assets $ 0 References