Required Information The following information applies to the questions displayed below) The following data is provided for Garcon Company and Pepper Company Garcon Company Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory direct materials) Rental cont on factory equipment Direct labor Ending tinished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Tactory supplies used indirect materials) General and administrative expenses Indirect labore Repair-Factory equipment Raw materials purchases 14.600 12,100 11,200 91.000 19,600 17,150 22.300 6,100 9,000 Pepper Company 16.660 20,700 13,950 26.500 43.400 13.600 19,800 bo 11e f 12,760 23,500 6,860 41.500 55,00 03,600 223,530 cash Taetery equipment, bet Mecounts receivable, sat 26.000 217.500 112,510 21,200 154,25 20,700 15,400 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. Reg 1 Garcon Req 1 Pepper Reg 2 Garcon Reg 2 Pepper Prepare the income statement for Garcon Company GARCON COMPANY Income Statement For Year Ended December 31, 2017 Sales 223 610 Les Couloods sold Gross profil 223,570 Operating expenses Seling expenses 63,600 28 Income one before for 1500 Reg1 Pepper >