Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) 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 (indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 14,600 17.000 11,400 28,500 21,400 20,750 24,700 5,500 9,000 10, Bee 31, eee 2,450 5,300 36,000 58,888 247,53e 26,000 222,500 14.000 Pepper Company $ 19,150 23,550 9,900 24,7ee 39,40e 15,500 21,400 9,200 14, eee 3,500 52, 508 2,900 3,600 56,500 58,600 315, 018 17,zee 148,825 22:45e 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 Reg 2 Garcon Req 2 Pepper Prepare the income statement for Garcon Company GARCON COMPANY Income Statement For Year Ended December 31, 2019 Operating expenses Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper DELETE Prepare the income statement for Pepper Company. PEPPER COMPANY Income Statement For Year Ended December 31, 2019 Operating expenses Income (loss) before tax Req i Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper Prepare the current asset section of the balance sheet for Garcon Company. GARCON COMPANY Partial Balance Sheet As of December 31, 2019 Inventories Total current assets Req i Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper Prepare the current asset section of the balance sheet for Pepper Company, PEPPER COMPANY Partial Balance Sheet As of December 31, 2019 Inventories: Total current assets