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 Pepper Company $ 19,150 Garcon Company $ 13,700 15,800 21,900 8,000 9,450 28,000 23,500 25,000 43,000 Finished goods inventory, ending 18,050 15,900 Work in process inventory, ending 24,700 21,600 Raw materials inventory, ending 7,500 8,600 Factory utilities 12,000 14,000 General and administrative expenses. 22,500 43,500 Indirect labor 13,350 12,040 Repairs-Factory equipment 5,060 2,750 Raw materials purchases 43,500 59,000 Selling expenses 61,200 58,900 Sales 274,260 381,930 Cashi 26,000 18,700 Accounts receivable, net. 14,200 24,950 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. Reall Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper Prepare the income statement for Garcon Company.