rt 2 of 3 nts 02-1432 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. Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Garcon Company $ 14,900 Pepper Company $ 18,100 20,400 9,750 18,300 8,600 31,000 24,550 19,800 37,800 eBook Finished goods inventory, ending Work in process inventory, ending 20,600 14,000 24,100 20,200 Hint Raw materials inventory, ending 7,900 8,400 Factory utilities 13,200 12,500 Print References General and administrative expenses 21,500 46,500 Indirect labor 15,000 12,600 Repairs-Factory equipment 5,660 2,950 Raw materials purchases 45,500 68,000 Selling expenses 60,400 52,900 Sales 299,940 384,780 Cash 28,000 $17,200 Accounts receivable, net 14,200 23,950 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.