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 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 expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 12, 100 16, 600 9,500 27,500 23,200 19,550 24,100 6,600 14,850 10,300 29,500 1,600 4,940 46,500 62,400 214,530 26,000 222,500 15,600 Pepper Company $ 18, 700 21,600 10,800 25,600 40,200 13,900 17,200 8,000 12,250 5,100 50, 500 8,680 2,900 64,000 56,500 312,510 17,200 121,825 22,450 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 1A Garcon Req 1A Pepper Req 1B Garcon Reg 1B Pepper