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Please help me with this accounting 2 question Use the following information for the Exercises below. (The following information applies to the questions displayed below.]
Please help me with this accounting 2 question
Use the following information for the Exercises below. (The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company. 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 $ 14,700 18,200 9,700 30,500 23,000 19,850 24,700 7,100 14,400 9,700 29,000 1,950 6,500 37,000 53,600 222,030 23,000 217,500 17,000 Pepper Company $ 18,250 20, 250 10,200 22,450 43,400 14,600 19,400 8,400 15,500 3,900 52,000 7,960 3,750 55,500 53,200 322,510 16,700 136,825 22,950 Exercise 18-9 Preparing financial statements for a manufacturer LO C4, P2 Required: 1-a. Prepare income statements for both Garcon Company and Pepper Company. 1-b. Prepare the current assets section of the balance sheet for each company. Complete this question by entering your answers in the tabs below. Req 1A Garcon Req 1A Pepper Req 1B Garcon Req 1B Pepper Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31, 2017 0 Operating expenses Income (loss) before tax $ 0Step by Step Solution
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