Using the following data,

	Garcon Company					Pepper Company
Beginning finished goods inventory		$	12,700			$	17,650
Beginning work in process inventory			16,800				21,300
Beginning raw materials inventory			10,900				9,000
Rental cost on factory equipment			30,000				25,750
Direct labor			22,600				39,000
Ending finished goods inventory			17,900				15,600
Ending work in process inventory			24,100				21,000
Ending raw materials inventory			6,000				8,800
Factory utilities			13,950				12,250
Factory supplies used			11,800				5,700
General and administrative expenses			34,000				48,000
Indirect labor			1,400				8,020
RepairsFactory equipment			5,780				3,650
Raw materials purchases			35,000				56,000
Selling expenses			63,200				49,000
Sales			202,530				340,010
Cash			32,000				16,200
Factory equipment, net			227,500				178,825
Accounts receivable, net			15,600				20,950

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.