Required information [The following information applies to the questions displayed below. The following data is provided for Garcon Company and Pepper Company Garcon Pepper Company 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 expense Sales Cash Factory equipment, net Accounts receivable, net 13,600 18,850 22,800 9,000 24,400 35,400 16,500 16,800 8,200 18,300 8,900 27,750 20,800 20,150 25,000 7,300 11,250 10,600 33,500 16,750 5,800 59,000 9,460 3,700 1,500 4,820 45,000 62,800 229,530 32,000 217,500 16,400 59,500 52,000 332,510 21,700 166,825 21,450 Required: 1-a. Prepare income statements for both Garcon Company and Pepper Company 1-b. Prepare the current assets section of the balance sheet for each company. Complete this question by entering your answers in the tabs below. Req 1ARe 1A Req 1B Req 1B Garcon Pepper Garcon Pepper Prepare the income statement for Garcon Company GARCON COMPAN Income Statement For Year Ended December 31, 2017 Operating expenses Income (loss) before tax 0 Required: 1-a. Prepare income statements for both Garcon Company and Pepper Company. 1-b. Prepare the current assets section of the balance sheet for each company. Complete this question by entering your answers in the tabs below. Req 1AReq 1A Req 1B Req 1B Garcon Pepper | GarconPeppetr Prepare the income statement for Pepper Company. PEPPER COMPANY Income Statement For Year Ended December 31, 2017 Operating expenses Income (loss) before taxSO K Req 1A Garcon Req 1B Garcon> Required: 1-a. Prepare income statements for both Garcon Company and Pepper Company. 1-b. Prepare the current assets section of the balance sheet for each company. Complete this question by entering your answers in the tabs below. Req 1A Req 1A Req 1B Req 1B Garcon PepperGarcon Pepper Prepare the current asset section of the balance sheet for Garcon Company. GARCON COMPANY Partial Balance Sheet As of December 31, 2017 nventories Total current assets 0 K Req 1A Pepper Req 1B Pepper > Required 1-a. Prepare income statements for both Garcon Company and Pepper Company. 1-b. Prepare the current assets section of the balance sheet for each company Complete this question by entering your answers in the tabs below. Garcon Pepper |GarconPepper Prepare the current asset section of the balance sheet for Pepper Company. PEPPER COMPANY Partial Balance Sheet As of December 31, 2017 Inventories 0 0 Total current assets Req1B Garcon Req 1B Pepper