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Accounts receivable, net Cash Cost of goods manufactured Direct labor Factory utilities Finished goods inventory, beginning Finished goods inventory, ending General and administrative expenses Indirect labor Raw materials inventory, beginning Raw materials inventory, ending Raw materials purchases Rental cost on factory equipment Repairs-Factory equipment Sales Selling expenses Work in process inventory, beginning Work in process inventory, ending The following data is provided for Garcon Company and Pepper Company for the year ended Decem 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 $ 12,000 14,500 7,250 27,000 19,000 17,650 22,000 5,300 9,000 21,000 9,450 4,780 33,000 5 50,000 195,030 20,000 13, 200 Pepper Company $ 16,450 19,950 9,000 22,750 35,000 13,300 16,000 7,200 12,000 43,000 10,860 1,500 52,000 46,000 290,010 15,700 19,450 Complete this question by entering your answers in the tabs below. Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper Prepare the income statement for Garcon Company. Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31 $ Sales Cost of goods sold: 195,030 Raw materials purchases Raw materials inventory, ending Goods available for sale 0 0 Cost of goods sold Gross profit General and administrative expenses Selling expenses (21,000) (50,000) Net income $ (71,000) Prepare the income statement for Pepper Company, PEPPER COMPANY Income Statement For Year Ended December 31 Cost of goods sold: 0 Goods available for sale 0 Cost of goods sold $ 0 Net income

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