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! Required information [The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Pepper Company $ 16,450 23,250 13,050 23,800 35,000 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 $ 12,800 18,300 11,400 33,750 19,400 18,950 22,900 5,500 13,650 25,000 15,300 7,700 42,500 63,600 283,410 25,000 16,400 13,600 16,200 9,800 15,500 55,500 13,020 1,700 66,000 57,700 387,760 17,700 20,450 Req 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 Cost of goods sold: Goods available for sale 0 Cost of goods sold 0 $ PEPPER COMPANY Income Statement For Year Ended December 31 Cost of goods sold: Goods available for sale Cost of goods sold 0 Net income $ 0 GARCON COMPANY Balance Sheet Current Assets Section December 31 Total current assets $ 0 PEPPER COMPANY Balance Sheet-Current Assets Section December 31 Total current assets $ 0