equired information se 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 (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 $ 12,300 17,300 7,400 33, eee 22,800 20,600 25, 380 6,100 10,500 11,8ee 32,000 2,300 5,180 40,000 58,888 196,530 31,000 272,500 15,600 Pepper Company $ 16,750 2e,400 13,800 25, 150 40,600 16, eee 18, 2ee 9,800 17,500 5,1ee 55,5ee 9,220 2,700 63,000 48, 4ee 317, 51e 22,700 139,825 21,700 Exercise 14-9 Preparing financial statements for a manuthcturer LO C4, P2 Required: 1. Prepare income statements for both Garcon Company and Pepper Company 2. Prepare the current assets section of the balance sheet for each company earch Exercise 14.9 Preparing financial statements for a ma Required: 1. Prepare income statements for both Garcon Company and Pepper 2. Prepare the current assets section of the balance sheet for each co Complete this question by entering your answers in the tabs bel Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31, 2019 Sales $ Add: Cost of goods sold Gross profit Operating expenses Selling expenses General and administrative expenses 196,530 196,530 7 Income (loss) before tax $ 196,530 Reg 1 Garcon Req 1 Pepp Exercise 14-9 Preparing financial statements for a Required: 1. Prepare income statements for both Garcon Company and Pep 2. Prepare the current assets section of the balance sheet for eac Complete this question by entering your answers in the tabs Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper Prepare the income statement for Pepper Company. PEPPER COMPANY Income Statement For Year Ended December 31, 2019 0 Sales Add: Cost of goods sold Gross profit Operating expenses Selling expenses General and administrative expenses Income (loss) before tax 0