Exercise 18-7 Balance sheet identification and preparation LO C4 Current assets for two different companies at fiscal year-end are listed here. One is a manufacturer. Rayzer Skis Mfg. and the other Sunrise Foods, is a grocery distribution company. Company $15,000 Company 2 $13,000 39,875 42,875 Account Cash Raw materials inventory Merchandise inventory Work in process inventory Tinished goods inventory Accounts receivable, net Prepaid expenses 29,000 49,000 82,000 900 58,000 4,500 Required: 1. Identify which set of numbers relates to the manufacturer and which to the merchandiser. 2a. & 2b. Prepare the current asset section for each company from this information Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 28 Identity 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 R2A Current assets for two different companies at fiscal year-end are listed here. One is a manufacturer, Rayzer Skis Mfg., and the other, Sunrise Foods, is a grocery distribution company. Account Canh Raw materials inventory Merchandise inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses Company 1 Company 2 $15,000 $13,000 39.875 42,875 29,000 49,000 55,000 82,000 4,500 900 Required: 1. Identity which set of numbers relates to the manufacturer and which to the merchandiser. 2a. & 2b. Prepare the current asset section for each company from this information Complete this question by entering your answers in the tabs below. Reg 1 Red 2A Reg 28 Prepare the current asset section for Company 1 from this information Sunrise Foods Balance Sheet-Current Asset Section Fiscal Year-end Total current assets Account Cash Raw materials inventory Merchandise inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses Company 1 Company 2 $15,000 $13,000 39,875 42.875 29,000 49,000 58,000 82,000 4.500 900 Required: 1. Identify which set of numbers relates to the manufacturer and which to the merchandiser, 2a. & 2b. Prepare the current asset section for each company from this information Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 28 Prepare the current asset section for Company 2 from this information Rayzer Skin Mg Balance Sheet Current Asset Section Fiscal Year-end Total current assots