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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. Cash Account

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. Cash Account Merchandise inventory Raw materials inventory Work in process inventory Finished goods inventory Company 1 Company 2 $ 7,000 $ 5,000 45,000 42,000 30,000 50,000 Accounts receivable, net 62,000 75,000 Prepaid expenses 1,500 900 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 Identify which set of numbers relates to the manufacturer and which to the merchandiser. Which of these company is a manufacturer? Which of these company is a merchandiser? Prepare the current asset section of the balance sheet at December 31 for Company 1. Current Assets Section of Balance Sheet December 31 Total current assets Prepare the current asset section of the balance sheet at December 31 for Company 2. Current Assets Section of Balance Sheet December 31 Total current assets

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