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 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 materials purchases Selling expenses Sales Cash Factory equipment, bet Accounts receivable, he Garcon Company 13,200 14,900 8,000 33,250 19,800 19,850 25,000 6,300 9,600 13,000 24,500 2,400 6,380 34,500 58,000 238,530 30,000 222,500 13,400 Pepper Company $ 16,450 22,500 10,500 23,050 44,200 15,200 20,800 7,400 17,250 4,100 50,000 8,620 3,850 52,500 52,300 322,510 23,200 124,825 21,700 Redulieu. 1-a. Prepare income statements for both GdlLUIT 1-b. Prepare the current assets section of the balance sh Complete this question by entering your answers in Req 1A Garcon Req 1A Pepper Reg 1B Garcon Req 1B Pepper Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31, 2017 Sales $ (Less Cost of goods sold (Gross profit Operating expenses Selling expenses General and administrative Rens 238,530 9.700 228 830 58.000 24.500 PAY Complete this question by entering your answe Req 1A Garcon Reqr1A Pepper Req 1B Garcon Req 1B Pepp Prepare the income statement for Pepper Company. Sales 322.510 PEPPER COMPANY Income Statement For Year Ended December 31, 2017 $ (Less: Cost of goods sold Gross loss Operating expenses Selling expenses General and administrative perses 322.510 52.300 50.000 Complete this question by entering Your Un Reg 1A Garcon Req 1A Pepper Req 1B Garcon Req 1B Pepper Prepare the current asset section of the balance sheet fo GARCON COMPANY Partial Balance Sheet As of December 31, 2017 Inventories