The following data is provided for Garcon Company and Pepper Company. Garcon Company $ 13,400 Pepper Company $ 17,500 14,600 19,500 9,200 13,800 29,750 23,200 18,500 23,650 42,200 15, 200 26,800 17,600 Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net 5,400 9,600 11,200 22,500 1,650 4,820 33,500 54,800 241,530 21,000 277,500 15,200 9,800 16,500 3,500 46,500 8,740 2,200 55,500 59,800 297,510 20,200 139,825 20,450 Required: -a. Prepare income statements for both Garcon Company and Pepper Company. -b. Prepare the current assets section of the balance sheet for each company. Complete this question by entering your answers in the tabs below. Req 1A Req 1A Req 1B Req 1B Garcon Pepper | Garcon || Pepper Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31, 2017 Operating expenses Income (loss) before tax Req 1A Req 1A Req 1B Req 1B Garcon Pepper Garcon Pepper Prepare the income statement for Pepper Comp PEPPER COMPANY Income Statement For Year Ended December 31, 2017 Operating expenses Income (loss) before tax Req 1A Req 1A Req 1B Req 1B Garcon | Pepper Garcon Pepper Prepare the current asset section of the balance sheet for Gar GARCON COMPANY Partial Balance Sheet As of December 31, 2017 Inventories: Total current assets Req 1A || Reg 1A || Reg 1B Garcon Pepper Garcon Reg 1B Pepper Prepare the current asset section of the balance sheet for Pepper C PEPPER COMPANY Partial Balance Sheet As of December 31, 2017 Reg 1B Pepper Inventories: Total current assets