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	Company 1				Company 2
Cash		$	13,000			$	11,000
Raw materials inventory							42,625
Merchandise inventory			45,625
Work in process inventory							31,000
Finished goods inventory							51,000
Accounts receivable, net			62,000				82,000
Prepaid expenses			3,500				700

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.

Prepare the current asset section for Company 1 from this information.

Sunrise Foods
Balance SheetCurrent Asset Section
Fiscal Year-end
Total current assets	$0

Prepare the current asset section for Company 2 from this information.

Rayzer Skis Mfg.
Balance SheetCurrent Asset Section
Fiscal Year-end
Total current assets	$0