Required information {The foilowing information applies to the questions displayed befowj The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Pepper Company Company Finished goods inventory, beginning $ 12,568 5 18,466 work in process inventory, beginning 15,868 23,556 Raw materials inventory, beginning 9,268 12,456 Rental cost on factory equipment 28,258 23,656 Direct labor 19,468 32,466 Finished goods inventory, ending 26,158 13,366 work in process inventory, ending 24,168 28,266 Raw materials inventory, ending 5,668 9,266 Factory utilities 14,468 15,256 General and administrative expenses 32,568 56,866 Indirect labor 9,558 13,626 RepairsFactory equipment ?,588 2,?56 Raw materials purchases 45,668 53,866 Selling expenses 66,468 53,566 Sales 299,468 379, me Cash 3 2, 668 24 , 239 Accounts receivable, net 15,668 21,956 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 Cost of goods sold 0 $ Req 1 Garcon : Req 1 Pepper : Req 2 Garcon|Req 2 Pepper Prepare the income statement for Pepper Company. PEPPER COMPANY Income Statement For Year Ended December 31 Cost of goods sold: Goods available for sale 0 Cost of goods sold 0 Net income $ Complete this question by entering your answers in the tabs below. Req 1 Garcon Req 1 Pepper : Req 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 Complete this question by entering your answers in the tabs below. Req 1 Garcon |Req 1 Pepper |Req 2 Garcon : Req 2 Pepper Prepare the current asset section of the balance sheet for Pepper Company. PEPPER COMPANY Balance Sheet-Current Assets Section December 31 Total current assets 0