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 Raw materials inventory, ending Factory utilities General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net Garcon Company $ 13,900 18,500 8,800 32,750 20,400 21,800 27,100 6,100 13,350 29,500 14,350 7,220 37,000 57,600 288,150 24,000 14,400 Pepper Company $ 19,750 22,050 11,700 26, 350 37,400 17,000 19,800 10,000 14,000 5 50,000 12,980 2,900 52 , 55,900 376,230 24, 200 22,200 GARCON COMPANY Income Statement For Year Ended December 31 Cost of goods sold Goods available for sale Cost of goods sold PEPPER COMPANY Income Statement For Year Ended December 31 Cost of goods sold: Goods available for sale Cost of goods sold Net income GARCON COMPANY Balance Sheet-Current Assets Section December 31 'Accounts receivable net Cash Finished goods inventory Total current assets $ PEPPER COMPANY Balance Sheet-Current Assets Section December 31 Total current assets $ 0