Exercise 1-7 Balance sheet identification and preparation LO C4 Current assets for two different companies at fiscal year-end 2017 are listed here. One is a manufacturer, Rayzer Skis Mfg., and the other, Sunrise Foods, is a grocery distribution company Account Company 1 $10,088 Company 2 $ 8,000 38,500 Cash Raw naterials inventory Merchandise inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses 41,500 28,000 48,000 79,000 67,000 3,000 600 Required (1) Identify which set of numbers relates to the manufacturer and which to the merchandiser (2) Prepare the current asset section for each company from this information. Complete this question by entering your answers in the tabs below. Reg 2 Company 1 Reg 2 Company 2 Reg 1 Identify which set of numbers relates to the manufacturer and which to the merchandiser. Which of these company is manufacturer Which of these company is a merchandiser Required: (1) Identify which set of numbers relates to the manufacturer and which to the merchandiser (2) Prepare the current asset section for each company from this information. Complete this question by entering your answers in the tabs below. Req 2 Company 1 Req 2 Company 2 Req 1 Prepare the current asset section for company 1 from this information. Company 1 Sunrise Foods Balance Sheet-Current Asset Section December 31, 2017 Total current assets Required: (1) Identify which set of numbers relates to the manufacturer and which to the merchandiser (2) Prepare the current asset section for each company from this information. Complete this question by entering your answers in the tabs below. Req 2 Company 1 Req 2 Company 2 Req 1 Prepare the current asset section for company 2 from this information. Company 2 Rayzer Skis Mfg Balance Sheet-Current Asset Section December 31, 2017 Total current assets Prev 1 of 1 3