7 1 points Return Exercise 1-11 (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. Cash Account Merchandise inventory Raw materials inventory Work In process inventory Finished goods inventory Accounts receivable, net Prepaid expenses $ 11,000 49,750 Company 1 Company 2 $ 9,000 46,750 34,000 54,000 61,000 4 600 57,000 3,000 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 Answer is not complete. Complete this question by entering your answers in the tabs below. 1. Identify which set of numbers relates to the manufacturer and which to the merchandiser. 28. & 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 Req 28 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: $ 0 < Req 1 Req 2B > Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Prepare the current asset section of the balance sheet at December 31 for Company 1. Current Assets Section of Balance Sheet December 31 Accounts receivable, net Cash Finished goods inventory Merchandise inventory Prepaid expenses Raw materials inventory < Req 1 Req 2B > 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. Req 1 Req 2A Req 28 Prepare the current asset section of the balance sheet at December 31 for Company 2. Current Assets Section of Balance Sheet December 31 0 Total current assets 4 Current Assets Section of Balance Sheet December 31 Finished goods inventory Merchandise inventory Prepaid expenses Raw materials inventory Work in process inventory Total current assets