Required Information Use the following information for the Exercises below. [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 (direct materials) 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 indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipo Raw materials purchases Selling expenses Sales Cash Factory out net Accounts receivable het Garcon Company $ 12,50 17,90 7,200 35,00 20, 21, se 27,400 75900 9,300 13,300 30,000 1,500 5,660 33,500 63,200 199,50 28.00 20250 14,100 Pepper Company $ 19, 150 23,700 10.200 26.650 39,00 15,200 15,600 3,400 16,250 . 57.000 7.900 2. 58,00 54.100 312.510 17,700 119,25 14,450 Exercise 18-9 Preparing financial statements for a manufacturer LO C4, P2 Dendrar to search o Exercise 18-9 Preparing financial statements for a manufacturer LO C4, P2 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. Reg1 Garcon Reg1 Pepper Reg 2 Garcon Reg 2 Pepper Prepare the income statement for Depper Company PEPPER COMPANY Ivicome Statement For Year Ended December 31, 2010 Operating expenses Income oss before Red Garcon Reg 2 Garcon to search O L Factory equipment, et Accounts receivable, net 282, 14,400 13,5 26,45 Exercise 18-9 Preparing financial statements for a manufacturer LO C4.P2 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 Reg 1 Pepper Reg 2 Garcon Reg 2 Pepper Prepare the current asset section of the balance sheet for Garcon Company GARCON COMPANY Partial Balance Sheet As of December 1, 2019 Inventones 0 Total current assets 5 0 ORI e to search