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 $ 12,600 17,300 11,100 32,000 21,200 17,000 24,400 6,200 9,750 9,100 34,500 2,100 6,020 44,500 51,600 234,030 32,000 247,500 14,000 Pepper Company $ 18,100 23,250 10,650 23,800 41,000 16,500 21,800 7,400 17,500 4,800 57,500 7,720 2,650 52,000 50,800 337,510 16,200 130,825 24,200 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. Required information Complete this question by entering your answers in the tabs below. Req 1A Garcon Req 1A Pepper Req 1B Garcon Reg 1B Pepper Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31, 2017 0 Operating expenses Income (loss) before tax Req 1A Pepper > Ruiz Saved reuuncu. Required information Complete this question by entering your answers in the tabs below. Req 1A Garcon Req 1A PepperReq 1B Garcon Req 1B Pepper Prepare the income statement for Pepper Company. PEPPER COMPANY Income Statement For Year Ended December 31, 2017 0 Operating expenses Income (loss) before tax $ 0 an Reg 1B Gar Complete this question by entering your answers in the tabs below. Req 1A Garcon Req 1A Pepper Req 18 Garcon Req 18 Pepper Prepare the current asset section of the balance sheet for Garcon Company. GARCON COMPANY Partial Balance Sheet As of December 31, 2017 Inventories: 0 Total current assets $ 0 Saved nuut eu. Required information Complete this question by entering your answers in the tabs below. 2 Req 1A Garcon Req 1A Pepper Req 1B Garcon Req 1B Pepper Prepare the current asset section of the balance sheet for Pepper Company. PEPPER COMPANY Partial Balance Sheet As of December 31, 2017 Inventories: Total current assets