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 Company 1 $ 10,000 51,125 Company 2 $ 8,000 48,125 35,000 Finished goods inventory 55,000 Accounts receivable, net 67,000 68,000 Prepaid expenses 3,500 700 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 28 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? 1 Req 2A > Foods, is a merchandiser. Cash Account Merchandise inventory Raw materials inventory Work in process inventory Company 1 $ 10,000 51,125 Company 2 $ 8,000 48,125 35,000 Finished goods inventory 55,000 Accounts receivable, net 67,000 68,000 Prepaid expenses 3,500 700 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 28 Prepare the current asset section of the balance sheet at December 31 for Company 1. Current Assets Section of Balance Sheet Cash December 31 Merchandise inventory Accounts receivable, net Prepaid expenses Finished goods inventory Cash Total current assets $ Lasn Merchandise inventory Raw materials inventory $10,000 $8,000 51,125 48,125 Work in process inventory 35,000 Finished goods inventory 55,000 Accounts receivable, net 67,000 68,000 Prepaid expenses 3,500 700 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 28 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 $ 0