[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.

	Garcon Company	Pepper Company
Finished goods inventory, beginning	$ 12,500	$ 16,150
Work in process inventory, beginning	17,800	22,050
Raw materials inventory, beginning	7,500	13,050
Rental cost on factory equipment	34,000	25,000
Direct labor	20,400	43,800
Finished goods inventory, ending	19,100	16,000
Work in process inventory, ending	22,900	20,600
Raw materials inventory, ending	7,900	9,200
Factory utilities	10,200	18,000
General and administrative expenses	31,000	49,500
Indirect labor	11,400	14,980
RepairsFactory equipment	7,220	3,700
Raw materials purchases	38,500	62,500
Selling expenses	54,400	52,900
Sales	289,080	393,140
Cash	35,000	19,200
Accounts receivable, net	15,600	23,450

1. Prepare income statements for both Garcon Company and Pepper Company. 2. Prepare the current assets section of the balance sheet for each company.

a. Pepper company income statement

b. Pepper company Balance Sheet

c. Garcon Income statement

d. Garcon Income Statement

please the right answers