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the problem is in the screenshot. what goes in the blanks? [The following information applies to the questions displayed below. J The following data is

the problem is in the screenshot. what goes in the blanks?

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[The following information applies to the questions displayed below. J The following data is provided for Garcon Company and Pepper Company. Garcon Pepper Company Company Beginning finished goods inventory $ 12,200 $ 16,150 Beginning work in process inventory 16,400 19,650 Beginning raw materials inventory (direct materials) 9,300 9,150 Rental cost on factory equipment 31,000 23,650 Direct labor 19,000 41,800 Ending finished goods inventory 18,200 15,500 Ending work in process inventory 22,900 16,000 Ending raw materials inventory 7,300 9,600 Factory utilities 12,450 17,750 Factory supplies used (indirect materials) 10,000 5,900 General and administrative expenses 22,000 57,000 Indirect labor 2,000 9,760 RepairsFactory equipment 5,060 1,500 Raw materials purchases 38,500 61,000 Selling expenses 64,800 49,300 Sales 214,530 310,010 Cash 21,000 17,200 Factory equipment, net 232,500 151,825 Accounts receivable, net 16,400 22,450 Required: 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, 2019 0 Operating expenses Income (loss) before tax 0Complete 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 Pepper Company. PEPPER COMPANY Income Statement For Year Ended December 31, 2019 0 Operating expenses Income (loss) before tax $ 0Complete this question by entering your answers in the tabs below. Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper Prepare the current asset section of the balance sheet for Garcon Company. Total current assets 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 current asset section of the balance sheet for Pepper Company. Total current assets

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