Required information [The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Garcon Company $ 12,100 Pepper Company $ 18,550 17,100 21,600 7,900 12,750 31,000 25,450 24,200 41,400 Finished goods inventory, ending 17,900 16,700 Work in process inventory, ending Raw materials inventory, ending 23,200 21,200 6,300 9,600 Factory utilities 12,600 16,750 General and administrative expenses 25,000 54,500 Indirect labor 10,100 14,920 Repairs-Factory equipment 5,540 1,600 Raw materials purchases 37,500 54,500 Selling expenses 64,400 57,400 Sales 274,320 381,890 Cash 22,000 20,200 Accounts receivable, net 15,200 19,450 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 income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31 Cost of goods sold: Goods available for sale Cost of goods sold < Req 1 Garcon Req 1 Pepper > 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 income statement for Pepper Company. PEPPER COMPANY Income Statement For Year Ended December 31 Cost of goods sold: Goods available for sale Cost of goods sold Net income < Req 1 Garcon Req 2 Garcon > 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 < Req 1 Pepper Req 2 Pepper > 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 Req 2 Garcon Req 2 Pepper