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 Garcon Company $ 13,300 15,300 Pepper Company $ 19,300 21,600 10,650 9,300 35,000 23,950 22,400 35,000 Finished goods inventory, ending 20,900 16,900 Work in process inventory, ending 23,800 21,000 Raw materials inventory, ending 5,800 9,800 Factory utilities 13,050 15,250 General and administrative expenses 34,000 56,000 Indirect labor 14,600 13,340 Repairs-Factory equipment 6,380 2,750 Raw materials purchases 39,500 63,500 Selling expenses 62,400 58,300 Sales 275,940 382,680 Cash 21,000 23,700 Accounts receivable, net 14,400 20,450 Sales Cost of goods sold: Goods available for sale Cost of goods sold GARCON COMPANY Income Statement For Year Ended December 31 0 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 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 69 $ 0