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 Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities General and administrative expenses Indirect labor Repairs-Factory equipment Selling expenses Raw materials purchases Cash Accounts receivable, net Sales Garcon Company Pepper Company $12,000 $ 16,600 17,700 21,450 7,200 12,000 35,000 26,800 23,800 43,000 . 20,150 16,800 25,000 18,600 6,700 7,800 12,750 14,000 23,000 52,000 14,150 11,100 5,180 3,800 38,000 67,000 53,200 48,100 277,440 393,968 27,000 20,200 15,400 20,700 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. < Prev 0 23 of 5 Next >