Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Company $ 13,400 15,300 Pepper Company $ 18,700 22,800 9,600 8,200 32,250 22,600 24,000 42,600 Finished goods inventory, ending 21,050 16,000 Work in process inventory, ending 24,700 16,600 Raw materials inventory, ending 5,700 7,800) Factory utilities 13,650 14,750 General and administrative expenses 22,500 58,000 Indirect labor 10,600 13,600 Repairs-Factory equipment 6,620 1,600 Raw materials purchases 38,500 56,000 Selling expenses Sales 62,800 57,100. 288,360 394,160 Cash Accounts receivable, net 25,000 21,700 14,000 21,450. 1. Prepare income statements for both Garcon Company and Pepper Company. 2. Prepare the current assets section of the balance sheet for each company. Complete this question by entering your answers in the tabs below. Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper