Exercise 14.9 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 Reg 1B Garcon Reg 1B Pepper Precision Manufacturing Unimart $220,000 $440,000 Beginning inventory Merchandise Finished goods Cost of purchases Cost of goods manufactured Ending inventory Merchandise Finished goods 510,000 900,000 120,000 114,000 Compute cost of goods sold for each of these two companies for the year ended December 31, 2017 Complete this question by entering your answers in the tabs below. Merch Business Mfg Business Compute cost of goods sold for the company year ended December 31, 2017 in Manufacturing Business PRECISION MANUFACTURING Partial Income Statement For Year Ended December 31, 2017 Cost of goods sold: Goods available for sale