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The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory beginning Rental cost on factory equipment Direct labor Finished goods inventory, onding Work in process inventory, ending Raw materials inventory, onding Factory utilities General and administrative expenses Indirect labor Repairs-Factory equipment raw materials purchases Selling expenses Bales Canh Accounts receivable, det Carcon Company $ 12,400 16,000 7,000 34,000 24,600 18.950 25,900 7.300 9,000 31,500 12,150 5,180 42,000 50.000 287,340 34,000 14,400 Pepper Company $ 17,500 20,850 12,000 23,950 43,400 15,000 22,000 8,600 12,250 59,000 13,000 2,350 69,000 49.600 392,150 16,200 22,450 1. Prepare Income statements for both Garcon Company and Pepper Company, 2. Prepare the current assets section of tho balance sheet for each company, os 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 GARCON COMPANY Income Statement For Your 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. Complete this question by entering your answers in the tabs below. Req 1 Garcon Req 1 Pepper Reg 2 Garcon Reg 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 Cost of goods sold Req 1 Pepper >
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 i Garcon Req 1 Pepper Req 2 Garcon Reg 2 Pepper Prepare the current asset section of the balance sheet for Garcon Company. GARCON COMPANY Balance Sheet Current Assets Section December 31 COS Total current assets < Req 1 Pepper Req 2 Pepper