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 Hepairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net Garcon Company $ 14,800 19,000 7,700 33,750 24,000 20,150 27.100 7,700 15,000 28,000 12,150 5,180 35,500 62,400 280,590 33,000 15,800 Pepper Company $ 19,750 23,100 12,600 26,500 39,400 17,000 19,600 9,400 16,500 45,500 14,340 3,500 58,500 48,700 380, 350 22,700 23,700 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 Req 2 Garcon Req 2 Pepper Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31 Cost of goods sold: Goods available for sale 0 Cost of goods sold Inces 0 0 Rog 1 Garcon Req 1 Pepper > 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 income statement for Pepper Company. PEPPER COMPANY Income Statement For Year Ended December 31 Cost of goods sold: Goods available for sale 0 Cost of goods sold 0 Net income $ 0 Complete this question by entering your answers in the tabs be Req 1 Garcon Req 1 Pepper Req 2 Garcon Reg 2 Pepper Prepare the current asset section of the balance sheet for Pepper Compa PEPPER COMPANY Balance Sheet-Current Assets Section December 31 Total current assets $ 0