The following data is provided for Garcon Company and Pepper Company. Garcon Pepper Company Company $ 14,200 $ 16,600 14,800 20,250 Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor 8,100 9,150 29,500 25,450 21,000 37,400 19,250 14,900 25,000 Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities 21,200 5,800 11 9,400 9,150 17,500 10,900 Factory supplies used (indirect materials) General and administrative expenses 4,200 25,500 54,500 Indirect labor 1,500 9,280 6,260 2,550 38,000 Repairs-Factory equipment Raw materials purchases Selling expenses Sales 69,000 60,800 57,100 244,530 302, 510 Cash Factory equipment, net Accounts receivable, net 30,000 257,500 15,600 16,700 175,825 22, 200 Required: 1. Prepare income statements for both Garcon Company and Pepper Company. 2. Prepare the current assets section of the balance sheet for each company. Complete this question by entering your answers in the tabs below. 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, 2019 Operating expenses Income (loss) before tax $ 0 0