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 Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net Garcon Company $ 12,800 17,900 10,000 34,000 21,000 18,800 26,800 5,400 13,050 33,500 12,200 5,300 33,500 59,600 277,380 21,000 14,000 Pepper Company $ 16,600 20, 250 14,850 23, 200 43, 400 15,900 16,400 7,600 17,000 49,500 12,000 3,750 57,500 55,600 378,680 20,200 22,950 Exercise 18-8 (Algo) Preparing financial statements for a manufa Prepare income statements for both Garcon Company and Pepper Company. 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 Req 2 Pepper Required Prepare income statements for both Garcon Company and Pepper Company. Prepare the current assets section of the balance sheet for each company. Complete this question by entering your answers in the tabs below. Req 1 Garcon Req 1 Pepper Req 2 Garcon Reg 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 0 Cost of goods sold $ 0 SR Garcon Req 1 Pepper