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 $ 13,680 16,7ee 8,680 27,250 19,200 19, 250 28,80 7,5ee 9,680 27,080 11,950 6,500 37,880 64,400 283,770 21,080 15,480 Pepper Company $ 16,150 23, 480 14,250 23,950 35,480 16,680 28,888 7,680 12,500 5e,eee 12,940 2,400 62,800 55,800 380,990 20,700 21,200 Exercise 18-8 (Algo) Preparing financial statements for a manufacturer LO P1 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 Reg 1 Pepper Reg 2 Garcon Reg 2 Pepper Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31 Cost of goods sold: Goods available for sale Cost of goods sold Reg 1 Garcon Reg 1 Pepper >