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Ch Current assets for two different companies at fiscal year-end are listed here. One is a manufacturer, Rayzer Skis Mfg., and the other, Sunrise Foods,

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Ch Current assets for two different companies at fiscal year-end are listed here. One is a manufacturer, Rayzer Skis Mfg., and the other, Sunrise Foods, is a grocery distribution company. Account Cash Raw materials inventory Merchandise inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses Company 1 Company 2 $5,000 $ 3,000 41,250 44,250 30,000 50,000 60,000 69,000 2,500 500 Required: 1. Identify which set of numbers relates to the manufacturer and which to the merchandiser. 2a. & 2b. Prepare the current asset section for each company from this information. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 28 Prepare the current asset section for Company 1 from this information Sunrise Foods Balance Sheet-Current Asset Section Fiscal Year-end Accounts receivable Cash Merchandise inventory Prepaid expenses

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