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 Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor $ 13,200 $ 17,650 18,700 21,750 10,600 14,100 31,750 22,300 21,800 40,600 Finished goods inventory, ending 19,250 16,200 Work in process inventory, ending 24,700 20,800 Raw materials inventory, ending 6,500 8,600 Factory utilities 13,200 12,500 General and administrative expenses 22,500 44,000 Indirect labor 11,450 14,020 Repairs-Factory equipment 5,780 2,700 Raw materials purchases 47,500 52,500 Selling expenses 59,600 54,400 Sales 288,690 387,520 Cash 20,000 23,200 Accounts receivable, net 15,200 24,200 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 Sales Cost of goods sold: Goods available for sale Cost of goods sold 0 SA 0 0 Cost of goods sold: Goods available for sale Cost of goods sold Net income PEPPER COMPANY Income Statement For Year Ended December 31 0 0 0 GARCON COMPANY Balance Sheet-Current Assets Section December 31 Total current assets $ 0 PEPPER COMPANY Balance Sheet-Current Assets Section December 31 Total current assets $ 0