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. Garcon Company $ 13,300 Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper Prepare the income statement for Garcon Company. #3 $ 4 15,300 10,400 33,500 23,800 17,900 24,400 1. Prepare income statements for both Garcon Company and Pepper Company. 2. Prepare the current assets section of the balance sheet for each company. GARCON COMPANY Income Statement 6,900 12,600 23,500 15,350 7,100 43,500 Complete this question by entering your answers in the tabs below. % 5 59, 200 281,940 20,000 13, 200 Pepper Company $ 18,700 20, 100 8 9

1. Prepare income statements for both Garcon Company and Pepper Com 2. Prepare the current assets section of the balance sheet for each compar Complete this question by entering your answers in the tabs below. repare the income statement for Garcon Company. Prepare the current asset section of the balance sheet for Garcon Company. Prepare the current asset section of the balance sheet for Pepper Company. Prepare the income statement for Pepper Company. Required information The following information applies to the questions displayod bolow] The following data is provided for Garcon Company and Pepper Company for the year ended Dercember 31. 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. Prepare the income statement for Garcon Company