The following data is provided for Garcon Company and Pepper Company for the year ended December 31.

	Garcon Company	Pepper Company
Finished goods inventory, beginning	$ 12,900	$ 16,900
Work in process inventory, beginning	15,600	21,900
Raw materials inventory, beginning	9,200	9,450
Rental cost on factory equipment	28,750	23,800
Direct labor	20,400	36,200
Finished goods inventory, ending	21,050	14,300
Work in process inventory, ending	22,900	20,000
Raw materials inventory, ending	5,600	9,800
Factory utilities	10,350	16,250
General and administrative expenses	28,500	50,000
Indirect labor	15,350	13,400
RepairsFactory equipment	6,620	1,750
Raw materials purchases	39,500	63,500
Selling expenses	50,000	46,300
Sales	292,530	374,670
Cash	22,000	20,700
Accounts receivable, net	15,800	23,200

Prepare the income statement for Garcon Company.

GARCON COMPANY
Income Statement
For Year Ended December 31
Selling expenses
Cost of goods sold:
Goods available for sale	0
Cost of goods sold		0
		$0

Prepare the income statement for Pepper Company.

PEPPER COMPANY
Income Statement
For Year Ended December 31
Cost of goods sold:
Goods available for sale	0
Cost of goods sold		0
Net income		$0

Prepare the current asset section of the balance sheet for Garcon Company.

GARCON COMPANY
Balance SheetCurrent Assets Section
December 31
Total current assets	$0

Prepare the current asset section of the balance sheet for Pepper Company.

PEPPER COMPANY
Balance SheetCurrent Assets Section
December 31
Total current assets	$0