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 13,800 15,000 11,900 30,500 20,000 21,200 26,200 7,600 13,650 9,100 23,000 1,650 6,740 44,500 62,800 2047030 26.000 237,500 14,600 Pepper Company $ 17,500 20,400 13,050 24,250 35,800 16,500 20,000 9,800 15,500 4,800 60,000 8,020 2,900 63,500 57,400 345,010 18,200 136,825 22,450 Required: 1-a. Prepare income statements for both Garcon Company and Pepper Company 1-b. Prepare the current assets section of the halance sheet for each mnany Require 1-o. Prepare income statements for both Garcon Como 1-b. Prepare the current assets section of the balances Complete this question by entering your answers Reg 1A GarconReq 1A Pepper Req 1B Garcon Req 1B Pepper Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31, 2017 Operating expenses Income (loss) before tax