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 materials inventory direct materials Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Pactory utilities Factory supplies used indirect materials General and administrative expenses Indirect labor Repairs-Tactory equipment Raw materiale purchase Selling expenses Sales Cash Factory equipment, net Necounts receivable, not Cardon Company $ 13,200 18,500 7,700 34,250 24,800 21,200 25,900 7,100 12,750 13,300 32.000 2,300 7.700 37.000 59,600 216,030 22,000 242.500 15,800 Pepper Company $ 19,600 21,150 12,450 24,100 42,200 13,500 20,400 9.200 14,250 0,300 38,500 8,020 2,800 64,500 52,600 315,010 23,200 210,825 23,200 Required: 1. Prepare income statements for both Garcon Company and Pepper Company, 2. Prepare the current assets section of the balance sheet for each company Complete this question by entering your answers in the tabs below. Required: 1. Prepare income statements for both Garcon Company and Pepper Company. 2. Prepare the current assets section of the balance sheet for each company. Complete this question by entering your answers in the tabs below. Req i Garcon Req 1 Pepper Reg 2 Garcon Reg 2 Pepper Prepare the income statement for Garcon Company GARCON COMPANY Income Statement For Year Ended December 31, 2010 Operating expenses Income poss) before tax Reg 1 Pepper Company and Pepper Company, 2. Prepare the current assets section of the balance sheet for each company. Complete this question by entering your answers in the tabs below. Req i Garcon ReI 1 Pepper Reg 2 Garcon Reg 2 Pepper Prepare the income statement for Pepper Company. PEPPER COMPANY Income Statement For Year Ended December 31, 2010 Operating expenses Income (loss) before tax Required: 1. Prepare income statements for both Garcon Company and Pepper Company 2. Prepare the current assets section of the balance sheet for each company Complete this question by entering your answers in the tabs below. Req i Garcon Req 1 Pepper Reg 2 Garcon Regt2 Pepper Prepare the current asset section of the balance sheet for Pepper Company. PEPPER COMPANY Partial Balance Sheet As of December 31, 2019 Inventories: Total current assets