The following data is provided for Garcon Company and Pepper Company

Beginning finished goods inventory 13,800$17,800

Beginning work in process inventory 14,80021,300

Beginning raw materials inventory 10,80013,500

Rental cost on factory equipment 34,75025,900

Direct labor 23,80037,400

Ending finished goods inventory 18,35014,300

Ending work in process inventory 22,00017,800

Ending raw materials inventory 7,300 9,600

Factory utilities 10,20012,500

Factory supplies used 11,800 3,900

General and administrative expenses 22,00043,500

Indirect labor 1,550 8,920

RepairsFactory equipment 7,580 1,950

Raw materials purchases 39,50053,500

Selling expenses 50,80048,700

Sales 201,030342,510

Cash 30,00022,200

Factory equipment, net 282,500169,825

Accounts receivable, net 16,600 21,950

Prepare income statements for both Garcon Company and Pepper Company.

Prepare the current assets section of the balance sheet for each company.