Walter Products and Sandburg Industries Report the Following Information at December

Walter Products and Sandburg Industries report the following information at December 31:
WALTER SANDBURG
$$\begin{array} { l | l | l } \hline \text { Accounts Receivable } & \$ 41,000 & \$ 68,000 \\\hline \text { Cash } & 6,000 & 7,000 \\\hline \text { Finished Goods Inventory } & & 25,000 \\\hline \text { Work in Process Inventory } & & 40,000 \\\hline \text { Merchandise Inventory } & 48,000 & \\\hline \text { Prepaid Expenses } & 1,000 & 2,000 \\\hline \text { Raw Materials Inventory } & & 21,000\end{array}$$ Required:
(a) Which company is a manufacturer? Explain.
(b) Prepare the Current Asset Section of the Balance Sheet for the manufacturer.