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.

 

Identify which set of numbers relates to the manufacturer and which to the merchandiser. 

Prepare the current asset section of the balance sheet at December 31 for Company.

Account Cash Merchandise inventory Raw materials inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses Company 1 $ 7,000 45,000 62,000 1,500 Company 2 $ 5,000 42,000 30,000 50,000 75,000 900