Exercise 01-7 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 S Sunrise Foods, is a grocery distribution company. Company 1 $ 7,000 Company 2 $ 5,000 35,750 38,750 Account Cash Raw materials inventory Merchandise inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses 26,000 46,000 77,000 700 64,000 3,500 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 Req 2A Reg 2B 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 Req 2A > Reg 1 Req 2A Req 2B Prepare the current asset section for Company 1 from this ir Sunrise Foods Balance Sheet-Current Asset Section Fiscal Year-end ces Total current assets