Can the Arduino do two things at one time?

It is probably easier to write a new sketch rather than combine two existing sketches. Just use the existing sketches for ideas.

I you really want to try to merge the two sketches this general approach may help

// variables from sketchA
// variables from sketch B

void setup() {
   // setup stuff from sketch A
   // setup stuff from sketch B
}

void loop() {
   // functionA();
   // functionB();
}

void functionA() {
   // code from loop() part of sketch A
}

void functionB() {
   // code from loop() part of sketch B
}

...R