Homework: Managerial Accounting Assignment 0 Saved ParticiB eBook Hi1: E! Prim Er Psfrpnre: The foiiowing data Is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Pepper Company (mpany Finished goods inventory, beginning 3) 15,999 $ 18,859 Mark in process inventory, beginning 14,999 29,799 Raw materials inventory, beginning 8,999 14,259 Rental cost on factory equipment 31,259 25,999 Direct labor 19,499 39,899 Finished goods inventory, ending 29,999 13,699 work in process inventory, ending 22,399 22,999 Raw materials inventory, ending 6,999 7,499 Factory utilities 11,859 18,999 General and administrative expenses 32,999 57,999 Indirect labor 11,999 14,929 RepairsFactory equipment 5,669 3,459 Raw materials purchases 35,999 58,999 Selling expenses 59,999 56,999 Sales 294,930 399,329 Cash 39,990 19,799 Accounts receivable, net 16,499 19,959 1. Prepare income statements for both Garcon Company and Pepper Company, 2 Prepare the current assets section oftne balance sheet for each company. 1. Prepare income statements for both Garcon Company and Pepper Company. 1 Prepare the current assets section of the balance sheet for each company. Complete this question by entering your answers in the labs below. Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper Prepare the income statement for Garcon Company. Cost of goods sold: Goods available forsale Req 1 Pepper )