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 Company 2 Cash $ 8,000 $ 6,000 Merchandise inventory 51,125 Raw materials inventory 48,125 Work in process inventory 35,000 Finished goods inventory 55,000 Accounts receivable, net 61,000 68,000 Prepaid expenses 5,000 1,000 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.

End-of-year current assets for two different companles follow. One is a manufacturer, Rayzer Skis Manufacturing, and the other, Sunrise Foods, is a merchandiser. 1. Identlfy 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. Identify which set of numbers relates to the manufacturer and which to the merchandiser. Complete this question by entering your answers in the tabs below. Prepare the current asset section of the balance sheet at December 31 for Company 1. repare the current asset section of the balance sheet at December 31 for Company 2