4 Homework Saved mwenyewe The following data is provided for Garcon Company and Pepper Company. $ 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 13,700 16,500 9,80 32,880 21,600 18,650 26, 200 6,900 9,150 10,000 33,500 2,350 6,380 42,000 55,600 202,530 Pepper Company $ 16,900 23,850 14,189 23,289 35,000 13,400 18,400 9,480 15,500 5,800 55,500 9,040 3,180 54,500 enses 50,200 30,000 332,510 21,200 172,825 23,450 222,500 13,400 Required: 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. art 2 of 3 Req 1A Garcon Req 1A Pepper Req 1B Garcon Req 1B Pepper Prepare the income statement for Garcon Company. nts GARCON COMPANY Income Statement For Year Ended December 31, 2017 eBook Hint Print eferences Operating expenses Income (loss) before tax Req 1A Pepper > 2 of 3 Req 1A Garcon Req 1A PepperReg 1B Garcon Req 1B Pepper Prepare the income statement for Pepper Company. eBook Hint PEPPER COMPANY Income Statement For Year Ended December 31, 2017 Sales Less: Cost of goods sold Gross profit Operating expenses Selling expenses General and administrative expenses Print 0 ferences Income (loss) before tax Required information Required 1 Required 2 Compute the total conversion costs for both Garcon Company and Pepper Company. Garcon Company Pepper Company Direct labore Een Factory overhead Total factory overhead Total conversion costs