Required information [The following information applies to the questions displayed below) The following data is provided for Garcon Company and Pepper Company. Beginning tinished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor Ending finish be goods inventory Ending work in process inventory Ending raw materiale inventory Factory utilities Factory supplies used indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Factory equipment, net Accounts receivable, net Garcon Company $ 14,400 17,700 8,500 31,250 23,600 19,400 25,000 7,000 13,500 12,100 30,500 1,950 4,940 47,000 64,000 195,030 23,000 217,500 16,800 Pepper Company $ 17,950 23,400 11,700 26,350 43,000 16,700 18,000 9.600 13,750 3,600 46,500 7.780 3,000 58,000 54,100 297,510 21.700 157,825 21.950 Cash Required: 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. Reg 1 Garcon Req 1 Pepper Reg 2 Garcon Reg 2 Pepper