Required information 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 naterials 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 naterials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net 12,889 18,409 ,389 28,509 22,480 18,658 27,780 7,680 10,868 11,5e0 27,580 1,650 7,460 43,0e9 se,400 223,530 21,000 262,500 15,200 19,300 23,180 14,108 26,350 41,880 16,288 16,909 8,880 17,750 3,980 52,508 8,020 58,580 51,400 325,010 21,788 127,825 24,458 Required: 1-0. Prepare income statements for both Garcon Company and Pepper Company 1-b. Prepare the current assets section of the balance sheet for each company 3 of 3 E Next