Required information [The following information applies to the questions displayed below. j The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Pepper Company Company Finished goods inventory, beginning S 12 , 300 S 19, 000 Work in process inventory, beginning 18 , 4 00 22 , 9 50 Raw materials inventory, beginning 9,200 1]., 550 Rental cost on factory equipment 31, 500 25,450 Direct labor 20,000 44,500 Finished goods inventory, ending 20 , 0 00 1-1 , 4 00 Work in process inventory, ending 25, 300 16,400 Raw materials inventory , ending 6 , 0 00 9 , 4 00 Factory utilities 13,350 13,750 General and administrative expenses 24 , 0 00 52 , 0 00 Indirect labor 11,100 14,?00 RepairsFactory equipment 5 , 5 50 3 , 9 00 Raw materials purchases 39,000 61,500 Selling expenses 54,400 53,500 Sales 298,950 330,320 Cash 25,000 20,?00 Accounts receivable, net 16,400 22,200 1. Prepare income statements for both Garcon Company and Pepper Company. 2. Prepare the current assets section oftne balance sheet for each company. Complete thls queson 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. Cost of goods sold: Goods available for sale Cost of goods sold $ 0 Reg 1 Pepper > Required information [The following infomation applies to the questions displayed below} The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Pepper Company Company Finished goods inventory, beginning S 12,300 S 19,000 Work in process inventory, beginning 18,400 22,950 Raw materials inventory, beginning 9,200 11,550 Rental cost on factory equipment 31,500 25,450 Direct labor 20,000 44,600 Finished goods inventory, ending 20,000 14,400 Work in process inventory, ending 25,300 16,400 Raw materials inventory, ending 6,000 9,400 Factory utilities 13,350 13,750 General and administrative expenses 24,000 52,000 Indirect labor 11,100 14,700 RepairsFactory equipment 5,660 3,900 Raw materials purchases 39,000 61,500 Selling expenses 54,400 53,500 Sales 298,950 330,320 Cash 25,000 20,700 Accounts receivable, net 16,400 22,200 1. Prepare income statements for both Garcon Company and Pepper Company. 2. Prepare the current assets section ofthe balance sheet for each company. Complete thls queson Ivy entering your answers In the tabs below. Reg 1 Garcon Req 1 Pepper Reg 2 Garcon Req 2 Pepper Prepare the Income statement for Pepper Company. Goods available for wle . Cost of goods sold _ Net income $ 0 Required information [The foiiowing infonnation applies to the questions displayed beiowzj The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Pepper Company Company Finished goods inventory, beginning $ 12,900 $ 19,000 Work in process inventory, beginning 18,400 22,950 Raw materials inventory, beginning 9,200 11,550 Rental cost on factory equipment 31,500 25,450 Direct labor 20,000 44,600 Finished goods inventory, ending 20,000 14,400 Work in process inventory, ending 25,300 16,400 Raw materials inventory, ending 6,000 9,400 Factory utilities 13,350 13,750 General and administrative expenses 24,000 52,000 Indirect labor 11,100 14,?00 RepairsFactory equipment 5,660 3,900 Raw materials purchases 39,000 61,500 Selling expenses 54,400 53,500 Sales 298,950 330,320 Cash 25,000 20,700 Accounts receivable, net 16,400 22,200 1. Prepare income statements for both Garcon Company and Pepper Company. 2. Prepare the current assets section ofthe balance sheet for each company. Complete thls question by entering your answers In the tabs below. Reg 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper Prepare the current aet section of the balance sheet for Ga roon Company. Total current assets $ 0 Required information [The foiiowing information applies to the questions displayed beiowzj The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Pepper Company Company Finished goods inventory, beginning 3 12,300 3 19,000 Work in process inventory, beginning 18,400 22,950 Raw materials inventory, beginning 9,200 11,550 Rental cost on factory equipment 31,500 25,450 Direct labor 20,000 44,600 Finished goods inventory, ending 20,000 14,400 Work in process inventory, ending 25,300 16,400 Raw materials inventory, ending 6,000 9,400 Factory utilities 13,350 13,750 General and administrative expenses 24,000 52,000 Indirect labor 11,100 14,?00 RepairsFactory equipment 5,650 3,900 Raw materials purchases 39,000 61,500 Selling expenses 54,400 53,500 Sales 298,950 330,320 Cash 25,000 20,700 Accounts receivable, net 16,400 22,200 1. Prepare income statements for both Garcon Company and Pepper Company. 2. Prepare the current assets section ofthe balance sheet for each company. Complete thls question by entering your answers In the tabs below. Reg 1 Garcon Req 1 Pepper Reg 2 Garcon Req 2 Pepper Prepare the current asset section of the balance sheet for Pepper Company. Total current assets