S 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 Pepper Company $ 12,000 14,500 $ 16,450 19,950 7,250 9,000 27,000 22,750 19,000 35,000 Finished goods inventory, ending 17,650 13,300 Work in process inventory, ending 22,000 16,000 Raw materials inventory, ending 5,300 7,200 Factory utilities 9,000 12,000 General and administrative expenses 21,000 43,000 Indirect labor 9,450 10,860 Repairs-Factory equipment 4,780 1,500 Raw materials purchases 33,000 52,000 Selling expenses 50,000 46,000 Sales 195,030 290,010 Cash 20,000 15,700 Accounts receivable, net 13,200 19,450 my work Part 2 of 3 Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper Prepare the income statement for Garcon Company. GARCON COMPANY 16.66 points Income Statement For Year Ended December 31 Skipped Sales $ 234,030 Cost of goods sold: eBook Hint Print Goods available for sale References Cost of goods sold 0 0 Net income Hea 1 Garcon Req 1 Pepper > oped ook Int int ences Cost of goods sold: ment for Pepper Company. PEPPER COMPANY Income Statement For Year Ended December 31 Goods available for sale Cost of goods sold Net income of 3 ped ook nt nt Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper Prepare the current asset section of the balance sheet for Garcon Company. GARCON COMPANY Balance Sheet-Current Assets Section December 31 ences. Total current assets $ 2 of 3 5 zipped Required information Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Peper Prepare the current asset section of the balance sheet for Pepper Company. PEPPER COMPANY Balance Sheet-Current Assets Section December 31 Book Hint Print erences Total current assets $