Che Exercise 1-11 (Algo) Balance sheet identification and preparation LO P1 End-of-year current assets for two different companies follow. One is a manufacturer, Rayzer Skis Manufacturing, and the other, Sunrise Foods, is a merchandiser. Account Company 1 $ 12,000 42,875 Company 2 $ 10,000 eBook Hint Cashi Merchandise inventory Raw materials inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses 39,875 29,000 Ask 49,000 65,000 4,000 81,000 800 Print References 1. Identify which set of numbers relates to the manufacturer and which to the merchandiser. 2a. & 2b. Prepare the current asset section of the balance sheet at December 31 for each company. Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Prepare the current asset section of the balance sheet at December 31 for Company 2. Current Assets Section of Balance Sheet 1 7 points 2a. & 2b. Prepare the current asset section of the balance sheet at December 31 for each company. Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Prepare the current asset section of the balance sheet at December 31 for Company 1. Current Assets Section of Balance Sheet December 31 Accounts receivable, net $ 6,000 41,500 Total current assets $ 47,500 Req 2B > $