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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,

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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 Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net Garcon Company $ 12,300 14,700 11,800 34,000 23,000 18,650 22,900 7,800 10,950 25,000 11,200 5,300 34,000 50, 800 271,530 23,000 16,000 Pepper Company $ 17,650 20,850 10,650 22,150 44,200 13,900 21,400 7,400 15,500 59,000 14,980 1,750 52,500 53,500 384,580 17,700 20, 450 1. Prepare income statements for both Garcon Company and Pepper Company 2. Prepare the current assets section of the balance sheet for each company. 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 $ 271,530 Sales Cost of goods sold: Goods available for sale 0 Cost of goods sold $ 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 Required information Complete this question by entering your answers in the tabs below. Req i Garcon Req 1 Pepper Req 2 garcon Reg 2 Pepper Prepare the current asset section of the balance sheet for Garcon Company. GARCON COMPANY Balance SheetCurrent Assets Section December 31 Total current assets by entering your answers in the tabs bel Req 1 Garcon Req 1 Pepper Req 2 Garcon REQ 2 Pepper Prepare the current asset section of the balance sheet for Pepper Compar PEPPER COMPANY Balance Sheet-Current Assets Section December 31 Total current assets $ $ 0

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