Complete this question by entering 1won" answers in the tabs below. Rep 1 Garcon Rep 1 Pepper Rep 2 Garcon Rep 2 Pepper Prepare like iicome statement for Garcon Company. Cost of goods sold: Goods available for sale lDost of goods sold 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. Garcon Pepper Company Company Finished goods inventory, beginning $ 12, 700 $ 18, 400 Work in process inventory, beginning 14,900 22, 800 Raw materials inventory, beginning 9, 100 12, 450 Rental cost on factory equipment 31, 500 26,200 Direct labor 20, 800 43,000 Finished goods inventory, ending 21, 500 13, 700 Work in process inventory, ending 22, 600 18, 800 Raw materials inventory, ending 7, 700 8, 800 Factory utilities 11, 550 17, 750 General and administrative expenses 28, 000 46, 500 Indirect labor 12, 950 14, 220 Repairs-Factory equipment 6, 620 3, 300 Raw materials purchases 33, 500 65, 500 Selling expenses 58, 400 50, 200 Sales 290, 610 398, 090 Cash 26,000 17, 700 Accounts receivable, net 16, 600 20, 200 1. Prepare income statements for both Garcon Company and Pepper Company. 2. Prepare the current assets section of the balance sheet for each company.Cemplete this question by entering 1went answers in the tabs belrmr. Rep 1 Garcon Rep 1 Pepper Rep 2 Garcon Rep 2 Pepper Prepare the curent asset section of the balance sheet for Pepper Celrlpanyr. Total current assets _