$[$The following information applies to the questions displayed below.$]$

The following data is provided for Garcon Company and Pepper Company for the year ended December $31.$

$1-$Prepare income statements for both Garcon Company and Pepper Company.

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

$2-$Compute the total prime costs for both Garcon Company and Pepper Company.

Compute the total conversion costs for both Garcon Company and Pepper Company.