Required Information Use the following Information for the Exercises below. [The following Information applies to the questions displayed below! The following data is provided for Garcon Company and Pepper Company Pepper company $ 16,45e 19,95 Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory Supplies used General and administrative expenses Indirect labor Repairs-factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 12, eee 14,500 7,250 27, 19.00 17,65e 22,000 5,3ee 9,000 3,200 21,000 1,250 4.750 33.0 Se, eee 195,03 20,000 212.50 13,200 22,75e 35,00 13, 380 16.ee 7,zee 12,000 3.200 43, eee 7,660 1.5ee 52,000 290, ese 15,700 115,825 19,450 Exercise 14-9 Preparing financial statements for a manufacturer LO C4, P2 Required: - Prepare income statements for both Garcon Company and Pepper Company 1-b. Prepare the current assets section of the balance sheet for each company Complete this question by entering your answers in the tabs below. Re Garcon 1 Pepper R 18 Garcon Red 18 Pepper Prepare the income statement for Garcon Company. GARCON COMPANY For Year Ended December 31, 2017 ere to search o te ** Sales Cash Factory equipment, net Accounts receivable, net 195, e3e 2e, eee 212,5ee 13,280 299, ele 15,70 115,825 19,450 Exercise 14-9 Preparing financial statements for a manufacturer LOC Required: 1-a. Prepare Income statements for both Garcon Company and Pepper Company 1-b. 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 1A Pepper Reg 18 Garcon Reg 1B Pepper Prepare the income statement for Garcon Company, GARCON COMPANY Income Statement For Year Ended December 31, 2017 Operating expense Income doss) before tax Req 1A Pepper > here to search Raw materials purchases selling expenses Sales cash Factory equipment, net Accounts receivable, net 33, eee 50, eee 195, e3e 2e, eee 212,5ee 13, 2ee 52, eee 46, eee 299, ele 15,7ee 115,825 19,450 Exercise 14.9 Preparing financial statements for a manufacturer LO Required: 1-a. Prepare Income statements for both Garcon Company and Pepper Company 1-b. Prepare the current assets section of the balance sheet for each company. Complete this question by entering your answers in the tabs below. Req 1A Garcon Req 1A Pepper Req 18 Garcon Req 18 Pepper Prepare the income statement for Pepper Company. PEPPER COMPANY Income Statement For Year Ended December 31, 2017 Operating expenses income before Accounts receivable, net 13,280 19,45 Exercise 14-9 Preparing financial statements for a manufacture Required: 1-a. Prepare Income statements for both Garcon Company and Pepper Company 1-b. Prepare the current assets section of the balance sheet for each company. Complete this question by entering your answers in the tabs below. Req 1A Garcon Req 1A Pepper Reg 16Sarcon Req 18 Pepper Prepare the current asset section of the balance sheet for Garcon Company. GARCON COMPANY Partial Balance Sheet As of December 31, 2017 .. Inventories Total current asset Factory utilities Factory supplies used General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net 9, eee 8, 20e 21, 1,25e 4,280 33,eee 50, eee 195, e3e 2e, eee 212, see 13,200 12, eee 3, 2ee 43, eee 7,660 1,5ee 52, eee 46, eee 29e, ele 15,700 115,825 19,450 Exercise 14-9 Preparing financial statements for a manufacturer LO C4, Required: 1-a. Prepare Income statements for both Garcon Company and Pepper Company 1-b. Prepare the current assets section of the balance sheet for each company. Complete this question by entering your answers in the tabs below. Req 1A Garcon Req 1A Pepper Req 18 Garcon Req 1 Pepper Prepare the current asset section of the balance sheet for Pepper Company. PEPPER COMPANY Partial Balance Sheet As of December 31, 2017 Total current assets