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 tinished 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 $ 13,300 17,600 10,100 30,750 20,000 19,400 23,200 5,700 10, 200 9,100 22,000 2,200 6,860 44,000 52,400 246,030 21,000 247,500 16,400 Pepper Company $ 16,600 23, 100 12,300 26,500 43,800 16,700 21,000 7,800 17,750 4,700 46,000 9,220 2,700 65,500 51, 100 300,010 17,200 172,825 22,950 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. Complete this question by entering your answers in the tabs below