The following data is provided for Garcon Company and Pepper Company Garcon Company Beginning finished goods inventory Beginning work in process inventory Beginning raw naterials inventory Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw naterials inventory factory utilities Factory supplies used General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses s 12,080 14,500 7,250 27,800 19,000 17,650 22,000 5,300 9,000 8,200 21,800 1,250 4,780 33,808 50,800 195,038 20,000 212,580 13,200 s 16,450 19,950 9,080 22,750 35,080 13,300 16,000 7,200 12,000 3,280 43,800 7,668 1,500 52,000 46,800 29e,10 15,700 115,825 19,458 Cash Factory equipment, net Accounts receivable, net Required: 1-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 1A Req 1A Pepper Req 18 Garcon Req 18 Pepper Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended r 31, 2017 Operating expenses Income (loss) before tax Repairs Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net 33,000 50,900 195, e30 20,000 212,500 52,000 46,000 290,010 15,700 ok 13,20 115, 825 19,450 int Required: 1-a. Prepare income statements for both Garcon Company and Pepper Company. rences 1-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 Garcon Req 1A Pepper Req 1B Garcon Req 1B Pepper Prepare the income statement for Pepper Company. PEPPER COMPAN income Statement For Year Ended December 31, 2017 Operating expenses Income before tax Required: 1- a. Prepare income statements for both Garcon Company and Pepper Company 1-b. Prepare the current assets section of the balance heet for each company Complete this question by entering your answers in the tabs below. q 1A Garcon Reg 1A Pepper Req 1B Garcon Rea 1s Pepper Prepare the current asset section of the balance sheet for Garcon Company GARCON COMPANY Partial Balance Sheet As of December 31, 2017 Inventories Required: 1-a. Prepare income statements for both Garcon Company and Pepper Company 1-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 Garcon Req 1A Pepper Req 1B Garcon Req 18 Pepper Prepare the current asset section of the balance sheet for Pepper Company. PEPPER COMPANY Partial Balance Sheet As of December 31, 2017 Inventories 0