The following data is provided for Garcon Company and Pepper Company for the year ended December 31 Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net Garcon Company $ 12,600 A Pepper Company $18,850 9,200 14,250 15,500 20,400 9,800 10,ese 29,500 22,600 21,200 36,600 21,800 13,000 25,900 17,200 7,700 50, 500 5,540 43,500 61,500 63,600 49,900 271,560 397,130 30,000 23,200 13,800 23,200 10,ese 33,500 12,200 12,960 2,050 1. Prepare income statements for both Garcon Company and Pepper Company. 2. Prepare the current assets section of the balance sheet for each company ProL 2 3 of 5 Next > Check my work of 3 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 $ 271,560 Ok Sales Cost of goods sold: Finished goods inventory, beginning Cost of goods manufactured ces Goods available for sale Cost of goods sold Accounts receivable, net $ 12,600 I 58,200 58,200 213,360 < Prev 2 3 of 5 Next >