Required information [The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Pepper Company $ 13,200 Company $ 17,800 16,000 21,450 Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor 10,400 13,350 28,500 22,750 23,600 41,000 21,050 13,200 26,800 Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities 17,800 7,500 8,800 10,050 16,500 31,000 43,000 General and administrative expenses Indirect labor 15,800 13,320 6,740 2,500 41,000 70,000 Repairs-Factory equipment Raw materials purchases Selling expenses Sales 52,000 53,200 276,270 389,180 Cash 28,000 20,700 Accounts receivable, net 15,400 20,700 1. Prepare income statements for both Garcon Company and Pepper 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 income statement for Garcon Company. GARCON COMPANY Income Statement. For Year Ended December 31 Cost of goods sold Goods available for sale Cost of goods sold B HA Next > Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper Prepare the income statement for Pepper Company. PEPPER COMPANY Income Statement For Year Ended December 31 Cost of goods sold: Goods available for sale Cost of goods sold Net income Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 F Prepare the current asset section of the balance s PEPPER COMPANY Balance Sheet-Current Assets Section December 31 Total current assets