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 $ $12,000$ $ $16,450$

Work in process inventory, beginning $14,50019,950$

Raw materials inventory, beginning $7,2509,000$

Rental cost on factory equipment $27,00022,750$

Direct labor $19,00035,000$

Finished goods inventory, ending $17,65013,300$

Work in process inventory, ending $22,00016,000$

Raw materials inventory, ending $5,3007,200$

Factory utilities $9,00012,000$

General and administrative expenses $21,00043,000$

Indirect labor $9,45010,860$

Repairs$$Factory equipment $4,7801,500$

Raw materials purchases $33,00052,000$

Selling expenses $50,00046,000$

Sales $195,030290,010$

Cash $20,00015,700$

Accounts receivable, net $13,20019,450$

Prepare income statements for both Garcon Company and Pepper Company.

Prepare the current assets section of the balance sheet for each company.

Complete this question by entering your answers in the tabs below.

Prepare the current asset section of the balance sheet for Garcon Company.Complete this question by entering your answers in the tabs below.

Prepare the current asset section of the balance sheet for Garcon Company.

GARCON COMPANY

Balance Sheet$-$Current Assets Section

December $31$

Total current assets