please help!! ),: The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Company $ 14,400 15, 200 11,100 29,000 21,400 21,650 22,600 5,600 14,700 27,000 11,400 5,060 41,000 50,800 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 283,500 23,000 16,000 Pepper Company $ 19,600 20,850 13,350 22,450 41,400 16,300 19,600 7,800 17,250 58,500 14,040 2,850 57,000 54,100 387,800 16,700 21,450 1. Prepare income statements for both Garcon Company and Pepper Company. 2. Prepare the current assets section of the balance sheet for each company.

[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. 1. Prepare income statements for both Garcon Company and Pepper Company. 2. Prepare the current assets section of the balance sheet for each company. \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ PEPPER COMPANY } \\ \hline \multicolumn{2}{|c|}{ Income Statement } \\ \hline For Year Ended December 31 & & \\ \hline Cost of goods sold: & & \\ \hline & & \\ \hline Goods available for sale & & \\ \hline Cost of goods sold & & \\ \hline & & \\ \hline & & \\ \hline Net income & & \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ GARCON COMPANY } \\ \hline Balance Sheet-Current Assets Section \\ \hline December 31 \\ \hline \\ \hline \\ \hline \\ \hline \\ \hline Total current assets \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ PEPPER COMPANY } \\ \hline Balance Sheet-Current Assets Section \\ \hline \multicolumn{2}{|c|}{ December 31} \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ GARCON COMPANY } \\ \hline \multicolumn{1}{|c|}{ Income Statement } \\ \hline For Year Ended December 31 \\ \hline Cost of goods sold: & & \\ \hline & & \\ \hline Goods available for sale & & \\ \hline & & \\ \hline Cost of goods sold & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular}