[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 materiala inventory direct materials) Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in proces inventory Ending raw materials inventory Yhtory Utilities Factory supplies used indirect materiala General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable. net Garan CORRI $ 13100 17200 1300 30450 221,400 10,000 24.700 00 10,650 200 29,000 1.450 5300 14,000 64.400 207030 26.000 227500 16.000 Pepper Company $ 16, 750 220950 1,900 25,600 4600 15700 21100 9,800 12750 3700 42 500 9.160 2900 53,300 49.900 342510 2700 199825 24950 0 Required information Req 1 Garcon Req 1 Pepper Reg 2 Garcon Reg 2 Pepper Prepare the income statement for Garcon Company. 207,0301 GARCON COMPANY Income Statement For Year Ended December 31, 2019 Sales $ Less Cost of goods sold Gross profit Operating expenses General and administrative expenses 207,030 $ 207 030 Income (loss) before tax Req 1 Pepper 4 Required information Part 2 of 3 Req 1 Garcon Req 1 Pepper Reg 2 Garcon Req 2 Pepper Prepare the income statement for Pepper Company. oints PEPPER COMPANY Income Statement For Year Ended December 31, 2019 eBook Hint References 0 Operating expenses 0 Income (loss) before tax 4. ! Required information Part 2 of 3 Req 1 Garcon Req 1 Pepper Reg 2 Garcon Red Pepper Prepare the current asset section of the balance sheet for Pepper Company. 5 points PEPPER COMPANY Partial Balance Sheet As of December 31, 2019 eBook Hint References Inventories: $ Total current assets BE Required information Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the total conversion costs for both Garcon Company and Pepper Company. Garcon Company Pepper Company Direct labor Factory overhead Total factory overhead Total conversion costs