thank you

! Required information [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 equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 13,800 18,100 10,700 27,500 24,800 18,950 25,000 6,000 13,050 13,300 26,500 1,900 5,060 36,500 52,800 208,530 31,000 217,500 14,400 Pepper Company $ 19,450 21,150 11,850 22,600 42,600 16,800 18,800 9,600 13,000 5, 200 53,500 9,460 3,600 56,500 57,400 330,010 17,200 121,825 19,450 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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Reg 1 Garcon Reg 1 Pepper Reg 2 Garcon Reg 2 Pepper Prenare the income statement for Garenn Comnan. Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31, 2019 Sales $ 208,530 101,710 X 106,820 Less: Cost of goods sold Gross profit Operating expenses Selling expenses General and administrative expenses 52,800 26,500 Income (loss) before tax $ 27,520