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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

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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 $ 13,300 15,300 11,500 31,750 22,600 17,300 26,500 6,300 14,550 13,000 23,000 2,000 6,500 34,000 63,600 196,530 30,000 257,500 16,600 Pepper Company $ 19,150 22,350 12,900 26,200 36,200 13,300 17,000 9,400 13,750 3,700 49,500 8,860 3,900 53,500 49,000 330, 010 16,200 160,825 23,700 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 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. 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 ces 0 Operating expenses Incomo (loss) before tax $ 0 Reg 1 Pepper 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. 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 Decomber 31, 2019 0 Operating expenses Income (loss) before tax $ 0 Next 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. Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 pepper Prepare the current asset section of the balance sheet for Pepper Company. PEPPER COMPANY Partial Balance Shoot As of December 31, 2019 Inventories: 0 Total current ssets 0 Req 2 Garcon

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