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Prepare income statements for both Garcon Company and Pepper Company. Prepare the current assets section of the balance sheet
for each company.
Using the following data,
Garcon Pepper Company $ 16,450 19,950 9,000 22,750 35,000 13,300 16,000 7,200 12,000 3,200 43,000 7,660 1,500 52,000 46,
1-a. Prepare income statements for both Garcon Company and Pepper Company.
1- b. Prepare the current assets section of the balance sheet for each company.
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