• Accounts receivable, net
• Cash
• Cost of goods manufactured
• Direct labor
• Factory utilities
• Finished goods inventory, beginning
• Finished goods inventory, ending
• General and administrative expenses
• Indirect labor
• Raw materials inventory, beginning
• Raw materials inventory, ending
• Raw materials purchases
• Rental cost on factory equipment
• RepairsFactory equipment
• Sales
• Selling expenses
• Work in process inventory, beginning
• Work in process inventory, ending

• gross prof, gross loss

Required 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. 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. Complete this question by entering your answers in the tabs below. Prepare the income statement for Garcon Company. Complete this question by entering your answers in the tabs below. Prepare the income statement for Pepper Company. Complete this question by entering your answers in the tabs below. Prepare the current asset section of the balance sheet for Garcon Company. Complete this question by entering your answers in the tabs below. Prepare the current asset section of the balance sheet for Pepper Company