Required information Use the following information for the Exercises below. (Algo) [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. Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Garcon Company $ 14,400 Pepper Company $ 16,600 18,500 23,100 11,300 14,550 30,500 23,650 24,200 35,800 Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities 20,900 15,300 22,000 21,400 5,600 8,000 10,200 15,750 General and administrative expenses 26,000 56,500 Indirect labor 12,000 13,500 Repairs-Factory equipment 7,820 3,200 Raw materials purchases 47,500 58,000 Selling expenses 63,200 58,300 Sales 281,400 382,480 Cash 29,000 22,700 Accounts receivable, net 16,400 21,200 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 0 0 0 Req 1 Garcon Req 1 Pepper > 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 Rea 1 Garcon 0 0 $ 0 Rea 2 Garcon Complete this question by entering your answers in the tabs below. Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper Req 2 Garcon Prepare the current asset section of the balance sheet for Garcon Company. GARCON COMPANY Balance Sheet-Current Assets Section December 31 Total current assets $ 0 < Req 1 Pepper Req 2 Pepper > 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 Balance Sheet-Current Assets Section December 31 Total current assets $ 0 < Req 2 Garcon Req 2 Pepper