PEPPER COMPANY Income Statement For Year Ended December 31, 2015 Operating expenses Income (loss) before tax 1-b. Prepare the current assets section of the balance sheet for each company. GARCON COMPANY Partial Balance Sheet As of December 31, 2015 Inventories Total current assets PEPPER COMPANY Partial Balance Sheet As of December 31, 2015 Inventories Total current assets Hints References eBook & Resources Using the following data, Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory 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 General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 13,000 16,300 7,100 29,750 21,000 20,600 22,300 5,600 11,250 11,200 28.500 1,900 4,820 40,500 54,800 237,030 29,000 247,500 16,600 Pepper Company $ 16,900 22,500 12,450 25,300 37,000 14,500 18,600 7,600 15,000 5,600 54.000 8,920 2,250 59,500 48,100 327,510 18,700 130,825 20,700 1-a. Prepare income statements for both Garcon Company and Pepper Company. GARCON COMPANY Income Statement For Year Ended December 31, 2015 Operating expenses Income (loss) before tax