Exercise 14-7 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. Cash Account Raw materials inventory Company 1 Company 2 $14,000 $12,000 45,375 Merchandise inventory 48,375 Work in process inventory 33,000 Finished goods inventory 53,000 Accounts receivable, net 63,000 67,000 Prepaid expenses 3,000 600 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 Req 1 Req 2A Req 2B Identify which set of numbers relates to the manufacturer and merchandiser. Which of these company is manufacturer Which of these company is a merchandiser Req 2A >