Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net Garcon Company $ 14,000 15.900 30,250 23,000 21,950 26,200 33,000 13,700 6,746 33.000 62,000 294, 270 34,000 14,800 Pepper Company $ 18,550 19,950 9,750 25,000 42,200 15,900 18,000 9,000 13,750 54,500 13,880 2,550 57,500 49,000 370,440 20,950 1. Prepare income statements for both Garcon Company and Pepper Compar 2. Prepare the current assets section of the balance sheet for each company.