Accounts receivable Accounts payable Cash Common stock Land Long-term notes payable Merchandise inventory Retained earnings $40, 260 9,255 14,640 43,500 18,000 21,250 29,400 28, 295 Classified Balance Sheet As of December 31, Year 1 Assets Current assets Accounts receivable Cash Land $ 0 Total current assets Property, plant and equipment 0 + $ 0 0 Total property, plant and equipment Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities 0 Total liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity olo $