Exercise 14-9 Prepare financial statements for a manufacturer LO C4, P2 Using the following data, Garcon Company 14,60019,450 Pepper Company 20,250 11,250 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 0,800 24,250 42,200 14,200 17,200 9,600 15,000 5,600 46,500 8,200 1,800 32,500 20,000 21,050 27,100 5,800 12,150 0,900 28,000 1,900 6,740 40,000 actory supplies used General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net 56,000 55,900 50,800 195,030 21,000 320,010 16,200 166,825 23,700 272,500 16,400 1-a. Prepare income statements for both Garcon Company and Pepper Company. GARCON COMPANY Income Statement For Year Ended December 31, 2015 Income (loss) before tax