[The following information applies to the questions displayed below.) 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 Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 14,900 17,900 10,300 32,000 20,000 19,700 22,900 6,300 14,250 13,600 27,000 2.500 7,220 35,000 54,000 223,530 29,800 217,500 16, 200 Pepper Company $ 18,550 22,500 9,000 22,450 38,600 13,300 18,600 8.800 17,750 3,800 47,000 10,000 1.550 57.500 S2, 100 310,019 22,700 130,825 21,450 Req 1 Garcon Req 1 Pepper Reg 2 Garcon Reg 2 Pepper Prepare the current asset section of the balance sheet for Pepper Compa PEPPER COMPANY Partial Balance Sheet As of December 31, 2019 Inventories: 0 Total current assets $ 0 Proy 59 Req i Garcon Req 1 Pepper Reg 2 Garcon Reg 2 Pepper Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31, 2019 $ 223.530 Sales Less: Cost of goods sold Gross profit Operating expenses General and administrative expenses Selling expenses 223,530 Income (loss) before tax $ 223 530 Req 1 Garcon Req 1 Pepper Reg 2 Garcon Req 2 Pepper 2 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