Exercise 18-11 (Algo) Balance sheet identification and preparation LO P1 End of year current assets for two different companies follow. One is a manufacturer, Rayzer Skls Manufacturing, and the other Sunrise Foods, Is a merchandiser. l'Account Company 1 Company 2 Cash $ 7.000 35.000 Merchandise inventory 49,750 itaw materials inventory 46,750 Work in process inventory 34,000 Finished goods inventory 54,000 Accounts receivable, net 65,000 72,000 Prepaid expenses 4.500 900 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 Complete this question by entering your answers in the tabs below. Reg 1 ROQRA Reg 20 Identify which not 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 RA Req2A > Company 1 $ 7,000 49,750 Company 2 $5,000 Account Cash Merchandise inventory Raw materials inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses 46,750 34,000 54,000 72,000 900 65,000 4,500 1. Identify 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. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 2B 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 w POLS>> ACHILUX Finished goods inventory Accounts receivable, net Prepaid expenses 65,000 4,500 54,000 72,000 900 1. Identify 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 Complete this question by entering your answers in the tabs below. Req 1 Req 2A Reg 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