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Current assets for two different companies at fiscal year-end 2017 are listed here. One is a manufacturer, Rayzer Skis Mfg, and the other, Sunrise Foods,

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Current assets for two different companies at fiscal year-end 2017 are listed here. One is a manufacturer, Rayzer Skis Mfg, and the other, Sunrise Foods, is a grocery distribution company. Account Company 1 Company 2 Cash $13,000 $11,000 Raw materials inventory 39,875 Merchandise inventory 42,875 Work in process inventory 29,000 Finished goods inventory 49,000 Accounts receivable, net 56,000 80,000 Prepaid expenses 3,500 700 Required: (1) Identify which set of numbers relates to the manufacturer and which to the merchandiser. (2) Prepare the current asset section for each company from this information. Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Company 1 Req 2 Company 2 Identify which set of numbers relates to the manufacturer and which to the merchandiser Which of these company is manufacturer Which of these company is a merchandise Reg 2 Company 1> Reg 1 Req 2 Company 1 Reg 2 Company 2 Prepare the current asset section for company 1 from this information. Company 1 Sunrise Foods Balance Sheet-Current Asset Section December 31, 2017 Total current assets Prepare the rent Company 2 Rayzer Skis Mfg. Balance Sheet-Current Asset Section December 31, 2017 Total current assets

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