Saved k: Managerial Accounting Assignment * ! 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 Dec 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 15, 100 7,200 34,500 19,800 18,950 26,500 7,200 10,950 26,500 14,300 6,500 39,000 62,400 279,810 35,000 15,400 Pepper Company $ 18,400 22,200 14,100 24,100 41,000 13,300 19,200 8,600 14,000 59,500 14,040 2,050 67,000 48, 700 391,700 21,700 20,200 1. Prepare income statements for both Garcon Company and Pepper Company. 2. Prepare the current assets section of the balance sheet for each company. Complete this question by entering your answers in the tabs below. Req 1 Garcon Req 1 Pepper Reg 2 Garcon Req 2 Pepper Prepare the income statement for Garcon Company. ezto.mheducation Alliance Airlines has had a horrible past two years. The airline Welcome ResumeNerd Create your resume in minutes Seved work Managerial Accounting Assignment 1 De Cash Accounts receivable, net 2/9,10 35,000 15,400 391,00 21,700 20,200 13 1. Prepare income statements for both Garcon Company and Pepper Company 2. Prepare the current assets section of the balance sheet for each company. Complete this question by entering your answers in the tabs below. Reg 1 Garcon Req 1 Pepper Reg 2 Garcon Req 2 Pepper Prepare the income statement for Garcon Company, GARCON COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold ces Goods available for sale 0 Cost of goods sold 0 Net loss $ 0 4 elny expenses Sales Cash Accounts receivable, net 02,400 279,810 35,000 15,400 40,00 391,700 21,700 20,200 Part 2 of 3 1. Prepare income statements for both Garcon Company and Pepper Company. 2. Prepare the current assets section of the balance sheet for each company. 3 points Complete this question by entering your answers in the tabs below. Req 1 Garcon Req 1 Pepper Reg 2 Garcon Req 2 Pepper eBook Prepare the income statement for Pepper Company, Hint PEPPER COMPANY Income Statement For Yoar Ended December 31 Print Cost of goods sold: References Goods available for sale 0 Cost of goods sold 0 Net income $ D MC Graw HII c Taw HI