(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 $ 13,500 16,000 11,200 31,750 24,800 18,050 24,100 6,900 9,900 26,000 10,550 5,060 45,000 56,000 297,870 21,000 13,800 Pepper Company $ 18,250 23,700 9,600 24,550 39,000 16,500 20,800 7,600 15,750 49,000 11,980 3,300 57,500 55,900 397, 710 19,200 19,700 1 Prepare income statements for both Garcon Company and Penner Company 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 0 $ 0 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 Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper Prepare the current asset section of the balance sheet for Garo GARCON COMPANY Balance SheetCurrent Assets Section December 31 Total current assets $ 0 Complete this question by entering your answers in Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper Prepare the current asset section of the balance sheet for PEPPER COMPANY Balance Sheet Current Assets Section December 31 Total current assets $ 0 Complete this question by entering your answers in the Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper Prepare the current asset section of the balance sheet for Garo GARCON COMPANY Balance SheetCurrent Assets Section December 31 Total current assets $ 0