Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory Rental cost 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 $ 13,800 16,100 11,500 28,250 24,000 17,900 23,800 7,300 9,900 13,000 23,000 1,950 7,580 37,500 51,600 244,530 24,000 232,500 16,600 Pepper Company $ 16,000 19,950 14,100 24,400 45,000 16,900 18,400 9,000 13,750 5,200 57,500 9,460 1,600 57,500 46,600 300,010 23,700 130,825 23,950 Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31, 2017 Operating expenses Income (loss) before tax PEPPER COMPANY Income Statement For Year Ended December 31, 2017 Operating expenses Income (loss) before tax GARCON COMPANY Partial Balance Sheet As of December 31, 2017 Inventories: Total current assets Prepare the current asset section of the balance sheet for Pepper PEPPER COMPANY Partial Balance Sheet As of December 31, 2017 Inventories: Total current assets