Required information The following information applies to the questions displayed belowJ The following data is provided for Garcon Company and Pepper Company Pepper Company Garcon Company Beginning finished goods invento 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 $12,300 18,900 11,800 28,250 21,600 19,400 23,500 6,500 9,600 13,300 28,500 1,550 5,060 46,000 52,000 228,030 28,000 267,500 14,600 $ 19,600 23,100 14,250 23,050 38,200 13,900 16,000 9,200 13,750 4,600 54,000 9,700 2,400 66,000 55,000 302,510 15,700 127,825 20,700 ry 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 Sales Add: Cost of goods sold Gross profit Operating expenses General and administrative expenses Selling expense Income (loss) before tax Req 1A Garcon Req 1A Pepper>