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. Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) 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 (indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, nel Garcon Company $ 12,000 14,500 7,250 27,000 19,000 17,650 22,000 5,300 9.000 8,200 21,000 1,250 4, 780 33,000 50,000 195,030 20.000 212500 13200 Pepper Company $ 16,450 19950 9,000 22,750 35,000 13, 300 16,000 7200 12,000 3,200 43,000 7660 1,500 52,000 46,000 290 010 15700 115, 825 19 450 rcise 18-9 Preparing financial statements for a manufacturer LO C4, P2 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 i Garcon Req 1 Pepper Reg 2 Garcon Reg 2 Pepper Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31, 2019 Operating expenses Income (loss) before tax Prey of 8 Next > my juu aliswers in the tabs be Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper Prepare the income statement for Pepper Company. PEPPER COMPANY ces Income Statement For Year Ended December 31, 2019 Operating expenses Income (loss) before tax Complete this question by entering your answers in the tabs below. Req i Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper Prepare the current asset section of the balance sheet for Garcon Company. GARCON COMPANY Partial Balance Sheet As of December 31, 2019 Inventories: Total current assets Aliswers 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. PEPPER COMPANY Partial Balance Sheet As of December 31, 2019 Inventories: Total current assets