The following data is provided for Garcon Company and Pepper Company for the year ended December 31.

Garcon Pepper Company Company Finished goods inventory, beginning $ 12,900 $ 16,450 Work in process inventory, beginning 17,900 23,550 Raw materials inventory, beginning 10,300 14,100 Rental cost on factory equipment 28,250 24,700 Direct labor 19,800 43,400 Finished goods inventory, ending 18,200 13,700 Work in process inventory, ending 23,200 17,600 Raw materials inventory, ending 6,500 8,600 Factory utilities 14,700 17,500 General and administrative expenses 24,500 59,000 Indirect labor 10,650 12,800 RepairsFactory equipment 7,460 2,500 Raw materials purchases 38,000 53,500 Selling expenses 55,200 56,500 Sales 271,320 377,600 Cash 32,000 18,700 Accounts receivable, net 13,600 22,950 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. Costofgoodssoldz __ Goods available for sale - Req 1 Pepper > 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 Pepper Company. PEPPER COMPANY Income Statement For Year Ended December 31 Cost of goods sold: Goods available for sale 0 Cost of goods sold 0 Net income $ 0 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 current asset section of the balance sheet for Garcon Company. GARCON COMPANY Balance Sheet-Current Assets Section December 31 Total current assets 0 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 current asset section of the balance sheet for Pepper Company. PEPPER COMPANY Balance Sheet-Current Assets Section December 31 Total current assets EA 0