Can you please show me the steps on how to solve this.

Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company. 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 $ 13,400 16,900 10,300 33,000 24,000 18,800 22,600 7,500 10,500 13,000 32,500 1,650 6,980 47,000 52,400 235,530 29,000 272,500 15,200 Pepper Company $ 17,200 20,250 10,950 24,700 39,800 14,500 19,000 7,600 15,250 4,400 44,500 7,900 3,550 56,000 53,200 337,510 19,700 127,825 22,450 Exercise 18-9 Preparing financial statements for a manufacturer LO C4, P2 Required: 1-a. Prepare income statements for both Garcon Company and Pepper Company. 1-b. Prepare the current assets section of the balance sheet for each company. Complete this question by entering your answers in the tabs below. Req 1A Garcon: Req 1A Pepper Req1 B Garcon Req 1B Pepper Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31, 2017 Sales Less: Cost of goods sold Gross proft Operating expenses General and administrative expenses Selling expenses Income (loss) before tax Exercise 18-9 Preparing financial statements for a manufacturer LO C4, P2 Required: 1-a. Prepare income statements for both Garcon Company and Pepper Company. 1-b. Prepare the current assets section of the balance sheet for each company Complete this question by entering your answers in the tabs below. Req 1A Garcon Req 1A Pepper Req 1B Garcon Req 1B Pepper Prepare the income statement for Pepper Company. PEPPER COMPANY ncome Statement For Year Ended December 31, 2017 Operating expenses Income (loss) before tax 0 Exercise 18-9 Preparing financial statements for a manufacturer LO C4, P2 Required 1-a. Prepare income statements for both Garcon Company and Pepper Company. 1-b. Prepare the current assets section of the balance sheet for each company Complete this question by entering your answers in the tabs below. Req 1A Garcon Req 1A Pepper Req 1B GarconiReq 1B Pepper Prepare the current asset section of the balance sheet for Garcon Company GARCON COMPANY Partial Balance Sheet As of December 31, 2017 Inventories Total current assets 0 KReq 1A Pepper Req 1B Pepper> Exercise 18-9 Preparing financial statements for a manufacturer LO C4, P2 Required: 1-a. Prepare income statements for both Garcon Company and Pepper Company. 1-b. Prepare the current assets section of the balance sheet for each company. Complete this question by entering your answers in the tabs below. Req 1A Garcon Req 1A Pepper Req 1B Garcon Req 1B Pepper Prepare the current asset section of the balance sheet for Pepper Company. PEPPER COMPANY Partial Balance Sheet As of December 31, 2017 Inventories Total current assets