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 (direct materials) 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 (indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 14,400 18,400 10,400 34,000 23,400 20,450 25,600 7,100 14,850 11,800 27,000 1,250 6,140 43,500 55,600 246,030 27,000 242,500 13,600 Pepper Company $ 17,800 22,050 15,000 25,900 41,800 15,400 21,000 7,400 16,750 5,700 58,500 8,920 1,750 52,500 46,000 292,510 16,700 148,825 20,950 Required: 1. Prepare income statements for both Garcon Company and Pepper Company are the current assets section of the balance sheet for each company. 1. Prepare income statements for both Garcon Company and pepper LUIT 2. Prepare the current assets section of the balance sheet for each compa Complete this question by entering your answers in the tabs below. Req 1 Garcon Req 1 Pepper Reg 2 Garcon Req 2 Pepper Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31, 2019 Operating expenses Income (loss) before tax Required: 1. Prepare income statements for both Garcon Company and Pepper Co 2. Prepare the current assets section of the balance sheet for each com; Complete this question by entering your answers in the tabs belov Req 1 Garcon Req 1 Pepper Reg 2 Garcon Req 2 Pepper Prepare the income statement for Pepper Company. PEPPER COMPANY Income Statement For Year Ended December 31, 2019 Operating expenses Income (loss) before tax