Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Finished goods inventory, ending Work in process inventory, ending Company Company $ 13,900 $ 19,300 16,800 23,100 7,700 9,150 30,500 26,800 24,400 37,800 18,800 15,900 23,200 18,400 Raw materials inventory, ending Factory utilities 7,200 7,600 10,500 16,500 General and administrative expenses 29,000 52,500 Indirect labor 10,950 13,580 Repairs-Factory equipment 6,620 2,850 Raw materials purchases. 33,500 53,500 Selling expenses 60,000 51,100 Sales 287,760 381,580 Cash 22,000 16,700 Accounts receivable, net 16,800 20,950 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