{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 Finished goods Inventory, beginning Work in process Inventory beginning Rawaterlals Inventory, beginning Rental cost on factory equipment Direct labor Finished goods inventory, ending Work in process inventory ending Raw materials inventory ending Factory utilities General and ministrative expenses Indirect labor Repairs-factory equipment Ran waterlals purchases Selling expenses Sales Cash Accounts receivable, net Garcon Company 5 14.780 15.300 19.900 29 see 22,68 20.00 23,200 6,500 14.se 34.000 10,850 15,150 45,000 68,4 297.330 28,60 36.600 Pepper Company $ 17,050 20,780 9,450 24, 250 36,200 16,760 2.600 1eeee 12,60 52,50 14.560 12,850 . $3.5 392, 17,700 20,450 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 Reg1 Pepper Req 2 Garcon Req 2 Pepper Prepare the income statement for Garcon Company GARCON COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Cost of goods manufactured 297 330 Goods available for sale 0 Cost of goods sold D Rington Req Pepper > Required Information [The following information applles to the questions displayed below) The following data is provided for Garcon Company and Pepper Company for the year ended December 32 Finished goods. Inventory, beginning Work in process Inventory, beginning Raw materials inventory, beginning Rental cost on factory equipent Direct labor Finished goods Inventory, ending Work in process inventory, ending Raw materials Invertory, ending Factory ulilities General and administrative expenses Indirect labor Repalis-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net Garcon Company $ 14,700 15.300 9,900 29,500 22,600 20,300 23,200 6,500 14,850 34,000 10,850 5,180 45.000 60,400 297,310 28.2 16,600 Pepper Company $ 17,050 20,700 9,450 24,250 36,200 16,700 20.600 10,000 12. eee 52,500 14,660 2.850 68.000 53,500 392,370 17,700 20,450 1. Prepare Income statements for both Garcon Company and Popper 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. Reg 1 Garcon Req 1 Pepper Rey 2 Garcon Red 2 Pepper Prepare the income statement for Pepper Company PEPPER COMPANY Income Statement For Year Ended December 31 Cost of goods sold Goods available for sale Cost of goods sold 0 Net income 5 Required information [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 Finished goods Inventory, beginning Work in process inventory beginning Raw materials inventory beginning Rental cost on factory equipment Direct labor Finished goods inventory, ending Work in process Inventory ending Raw materials Inventory, ending Factory utilities General and administrative expenses Indirect labor Repairs Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net Garcon Company $ 14,780 15, 30e 9,900 29.500 22,600 20, see 23, 2ee 6, See 14,850 34.000 10,850 5,180 45,00 60,400 297,330 28.000 16,600 Pepper Company $ 17,ese 20,700 9,450 24,250 36,200 16,70 28, 60e 1eeee 12,6 52.5e 14660 2,85e 53,500 392,370 17,700 20,45 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. Reg 1 Garcon Req Pepper Reg 2 Garcon Req 2 Pepper Prepare the current asset section of the balance sheet for Garcon Company GARCON COMPANY Balance Sheet Current Assets Section December 31 Total current assets $ Required intom [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 Finished goods inventory, beginning Work in process Inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net Garcon Company S 14.700 15,308 9,900 29,500 22.60 20:30 22 200 6,500 14,850 34,000 10.85e 5.180 45.000 68,480 297,330 28.000 16,600 Pepper Company $ 17.950 20 780 9,450 24 25e 36,200 16,70 20,600 10,000 12, cee 52,50 14.66 2,85e 68.688 53,500 392,370 17,700 28,450 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 Req 1 Pepper Reg 2 Garcon Req 2 Pepper Prepare the current asset section of the balance sheet for Pepper Company PEPPER COMPANY Balance Sheet Current Assets Section December 31 Total current assets