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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 Account Company

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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 Account Company 1 Company 2 Cash $ 9,000 $ 7,000 Merchandise inventory 47,000 Raw materials inventory 44,000 Work in process inventory 32,000 Finished goods inventory 52,000 Accounts receivable, net 67,000 82,000 Prepaid expenses 3,000 600 1. Identity which set of numbers relates to the manufacturer and which to the merchandiser 20. & 2b. Prepare the current asset section of the balance sheet at December 31 for each company Prepare the current asset section of the balance sheet at December 31 for Company 1. Sunrise Foods Current Assets Section of Balance Sheet December 31 Total current assels

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