The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Company $ 13,400 16,400 Pepper Company $ 19,150 Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor 21,000 9,300 12,150 33,500 25,600 20,800 40,600 Finished goods inventory, ending 21,050 13,700 Work in process inventory, ending 26,500 18,600 Raw materials inventory, ending 6,200 9,200 Factory utilities 11,400 13,250 General and administrative expenses 28,000 49,500 Indirect labor 14,700 13,180 Repairs-Factory equipment 7,340 2,450 Raw materials purchases 34,500 63,000 Selling expenses 62,400 48,400 Sales 273,060 389,100 Cash 21,000 21,200 Accounts receivable, net 14,600 21,700 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. Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31 Cost of goods sold: Goods available for sale