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3 Lire CWS Worrior appwes the questi usprayed Derowy The following data is provided for Garcon Company and Pepper Company. Part 2 of 3 points eBook Garcon Company Beginning finished goods inventory $ 13,900 Beginning work in process inventory 16,600 Beginning raw materials inventory 7,700 (direct materials) Rental cost on factory equipment 29, 250 Direct labor 24,800 Ending finished goods inventory 18,500 Ending work in process inventory 28,000 Ending raw materials inventory 5,300 Factory utilities 11,250 Factory supplies used (indirect materials) General and administrative expenses 30,000 Indirect labor 2,450 Repairs Factory equipment 7,820 Raw materials purchases 42,500 Selling expenses 61,600 Sales 204,030 Cash 26,000 Factory equipment, net 277,500 Accounts receivable, net 16,800 Pepper Company $ 17,050 22,200 9,600 26,500 36,200 16, 200 17,200 7,200 12,500 5,900 45,500 9,160 3,250 52,500 55,600 320,010 18,700 172,825 23, 200 Hint 9,700 Print References Required: 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 Reg 1 Reg 2 Reg 2 Garcon Pepper Garcon Pepper Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31, 2019 Sales S 204,030 Less: Cost of goods sold Gross profit 204,030 Operating expenses Selling expenses 61,600 Income (loss) before tax S 142,430 Req 1 Garcon Req 1 Pepper > Required: 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. Reg 1 Reg 1 Reg 2 Reg 2 Garcon Pepper Garcon Pepper Prepare the income statement for Pepper Company. PEPPER COMPANY Income Statement For Year Ended December 31, 2019 0 Operating expenses Income (loss) before tax S 0 3 Line Two WW Norra Or appwes to the questes cisprayed Derow The following data is provided for Garcon Company and Pepper Company. Part 2 of 3 2 points eBook Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used (indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 13,900 16,600 7,700 29, 250 24,800 18,500 28,000 5,300 11,250 9,700 30,000 2,450 7,820 42,500 61,600 204,030 26,000 277,500 16,800 Pepper Company $ 17,050 22,200 9,600 26,500 36,200 16,200 17,200 7,200 12,500 5,900 45,500 9,160 3,250 52,500 55,600 320,010 18,700 172,825 23,200 Hint Print References Required: 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 Req 1 Reg 2 Reg 2 Garcon Pepper Garcon Pepper Prepare the current asset section of the balance sheet for Garcon Company. GARCON COMPANY Partial Balance Sheet As of December 31, 2019 Inventories: 0 Total current assets S Required: 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 Reg 1 Reg 2 Reg 2 Garcon Pepper Garcon Pepper Prepare the current asset section of the balance sheet for Pepper Company. PEPPER COMPANY Partial Balance Sheet As of December 31, 2019 Inventories: 0 0 Total current assets S