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The following data is provided for Garcon Company and Pepper Company for the ye 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 $ 12,700 18,000 7,100 29,500 21,600 20,000 25,000 6,100 12,300 23,500 14,300 4,820 42,000 53,200 272,040 23,000 14,400 Pepper Company $ 17,350 23,100 9,300 24,550 42,600 15,400 "19,200 +7,200 14,500 48,000 12,500 3,700 58,500 55,000 376,910 19,700 24,700 Required information Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 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 0 0 Cost of goods sold + $ 0 Red Garcon Rea 1 Panner 12 Prepare the income statement for Pepper Company. PEPPER COMPANY Income Statement For Year Ended December 31 ok Cost of goods sold: at ht ences 0 Goods available for sale Cost of goods sold 0 $ 0 Net income Req 1 Garcon Req 1 Pepper Reg 2 Garcon Req 2 Pepper Prepare the current asset section of the balance sheet for Garcon Company. GARCON COMPANY Balance Sheet-Current Assets Section December 31 Total current assets $ 0