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 materials purchases Selline expenses Sales Garcon Company 13, see 15. See le, see 33,ese 23, see 20, 30e 22. see 6,38 14.00 Pepper Company $ 17.95e 20,85e 12.ee 22.15e 40. see 16, 10e 16,40e Bose 18.00 3.600 43.50 9,00 3. Se 24,500 6,980 45, see 52, ese 240, ese 29. eee 242, see 16.se 52,6ee 295,eve 19.7ee 145,825 20.45e Factory equipment, net Accounts receivable, net 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 swers in the tabs below. 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 1 Garcon Res 1 Pepper Rea 2 Garcon Reg 2 Pepper Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31, 2019 Operating expenses Income (loss) before tax Reg 1 Pepper > Prepare the income statement for Pepper Company. PEPPER COMPANY Income Statement For Year Ended December 31, 2019 Operating expenses Income (oss) before tax S Reg1 Garcon Reg 2 Garcon > Real Garcon Res 1 Pepper Reg 2 Garcon Fes 2 Pepper Prepare the current asset section of the balance sheet for Garcon Company GARCON COMPANY Partia Balance Sheet As of December 31, 2019 Reg 1 Garcon Reg 1 Pepper Reg 2 Garcon Reg Pepper Prepare the current asset section of the balance sheet for Pepper Company PEPPER COMPANY Partial Balance Sheet As of December 31, 2019 Total current assets