The following data is provided for Garcon Company and Pepper Company. Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) 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 (indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materiais purchases Selling expenses sales gash Factory equipment, net Accounts receivable, net Garcon Company $ 14,300 18, 100 8,100 32.758 23,000 19,700 22,300 7 000 9) 300 12, 100 31,500 1,55 6) 500 36, eae 54.000 225,030 23900 237500 15,490 Pepper Company $ 17,500 21,300 11 700 24,850 43,800 18300 189680 Sace 15.750 5w900 59,500 9.490 2350 69500 S7 128 30.010 2092e 1254825 29se 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 i Garcon Req 1 Pepper Reg 2 Garcon Req 2 Pepper Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31, 2019 0 Operating expenses Income (oss) before tax S Req 1 Pepper > to search O Complete this question by entering your answers in the tabs be 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, 2019 0 Operating expenses Income (loss) before tax $ 0