You received partial credit in the previous attempt. View previo 7 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. Part 2 of 2 4 points eBook 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 materiale purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 13,000 17,200 11,100 27,250 20,400 21,650 22,900 6,800 11,850 10,900 32,000 2,350 5,060 36,000 51,600 235, 530 28,000 272,500 15,000 Pepper Company $ 17,200 21,600 9,450 23,500 36,600 16,800 21,800 8,000 15,500 5,500 58,000 9,160 3,750 55,000 52,300 307,510 17,700 175,825 21,700 Hint References Exercise 14-9 Preparing financial statements for a manufacturer LO C4, P2 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