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	$14,000	$17,950
Work in process inventory, beginning	15,600	19,950
Raw materials inventory, beginning	7,700	14,250
Rental cost on factory equipment	28,750	26,350
Direct labor	24,800	40,200
Finished goods inventory, ending	17,900	16,400
Work in process inventory, ending	25,600	18,800
Raw materials inventory, ending	7,700	7,600
Factory utilities	13,350	14,750
General and administrative expenses	25,000	53,500
Indirect labor	12,000	14,880
RepairsFactory equipment	5,660	2,200
Raw materials purchases	43,500	53,500
Selling expenses	59,600	52,600
Sales	295,440	388,130
Cash	29,000	21,700
Accounts receivable, net	14,400	22,450

1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31. 3.Prepare income statements for both Garcon Company and Pepper Company. 4.Prepare the current assets section of the balance sheet for each company. 5.Compute the total prime costs for both Garcon Company and Pepper Company. 6.Compute the total conversion costs for both Garcon Company and Pepper Company.