Exercise 14-11 (Algo) Balance sheet identification and preparation LO P1 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 $ 14,000 $ 12.000 Merchandise Inventory 41,500 Raw materials inventory 38,500 Work in process inventory 28,000 Finished goods Inventory 48,000 Accounts receivable, net 57.000 74.000 Prepaid expenses 4,500 900 1. Identify which set of numbers relates to the manufacturer and which to the merchandiser 20.8 26. 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. Reg 1 Reg 2A Reg 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? Company 2 Company 1 Exercise 14-11 (Algo) Balance sheet identification and preparation LO P1 End-of-year current assets for two different companies follow. One is a manufacturer, Rayzer Skis Manufacturi Foods, is a merchandiser Account Company 1 Company 2 Cash $ 14,000 $ 12,000 Merchandise inventory 41,500 Raw materials inventory 38,500 Work in process inventory 28,000 Finished goods inventory 48,000 Accounts receivable, net 57,000 74,000 Prepaid expenses 4,500 900 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. Reg 1 Reg 2A Req 28 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 Cash Accounts receivable, net Merchandise inventory Prepaid expenses Company 1 $ 14,000 41,500 Company 2 $ 12,000 Account Cash Merchandise inventory Raw materials inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses - 38,500 28,000 48,000 74,000 900 57,000 4,500 1. Identify which set of numbers relates to the manufacturer and which to the merchand 2a. & 2b. Prepare the current asset section of the balance sheet at December 31 for eac Complete this question by entering your answers in the tabs below. Reg 1 Req 2A Req 2B Prepare the current asset section of the balance sheet at December 31 for Company 2. Rayzer Skis Manufacturing Current Assets Section of Balance Sheet December 31 Cash Accounts receivable, net Finished goods inventory Prepaid expenses