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Required information 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. Garcon Pepper Company Company Beginning finished goods inventory $ 14,300 $ 18, 100 Beginning work in process inventory 17, 100 19,950 Beginning raw materials inventory (direct materials) 8,900 9,900 Rental cost on factory equipment 31, 750 25,900 Direct labor 22, 200 37, 800 Ending finished goods inventory 17, 150 13, 900 Ending work in process inventory 25,900 21, 200 Ending raw materials inventory 7,700 8, 600 Factory utilities 14,400 17, 000 Factory supplies used (indirect materials) 13, 000 5, 200 General and administrative expenses 23, 000 45, 500 Indirect labor 1, 700 9,160 Repairs-Factory equipment 6, 260 3,100 Raw materials purchases 43, 000 68, 500 Selling expenses 63, 200 51, 400 Sales 232, 530 322, 510 Cash 30, 000 20, 700 Factory equipment, net 252, 500 160, 825 Accounts receivable, net 15, 800 21, 950Req 1 Garcon |Req 1 Pepper |Req 2 Garcon |Req 2 Pepper Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31, 2019 Operating expenses Income (loss) before tax Req 1 Garcon |Req 1 Pepper |Req 2 Garcon |Req 2 Pepper Prepare the income statement for Pepper Company. PEPPER COMPANY Income Statement For Year Ended December 31, 2019 Operating expenses Income (loss) before tax Req 1 Garcon |Req 1 Pepper |Req 2 Garcon |Req 2 Pepper Prepare the current asset section of the balance sheet for Garcon Company. GARCON COMPANY Partial Balance Sheet As of December 31, 2019 Inventories: Total current assets Req 1 Garcon Req 1 Pepper |Req 2 Garcon |Req 2 Pepper Prepare the current asset section of the balance sheet for Pepper Company. PEPPER COMPANY Partial Balance Sheet As of December 31, 2019 Inventories: Total current assets