Using the following data,

	Garcon Company					Pepper Company
Beginning finished goods inventory		$	14,700			$	17,800
Beginning work in process inventory			14,600				19,950
Beginning raw materials inventory			7,500				10,350
Rental cost on factory equipment			32,250				22,300
Direct labor			24,000				40,200
Ending finished goods inventory			19,550				16,000
Ending work in process inventory			26,500				18,600
Ending raw materials inventory			5,700				9,800
Factory utilities			12,300				17,750
Factory supplies used			12,700				3,200
General and administrative expenses			26,500				53,500
Indirect labor			1,500				8,500
RepairsFactory equipment			7,100				3,050
Raw materials purchases			47,000				60,000
Selling expenses			52,800				46,900
Sales			213,030				332,510
Cash			30,000				23,200
Factory equipment, net			272,500				169,825
Accounts receivable, net			15,600				20,450

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.