Check my work Required Use the following information to prepare a classified balance sheet for Alpha Co, at the end of Year 1 Accounts receivable Accounts payable Cash Common stock Land Long-term notes payable Merchandise inventory Retained earnings $42, 470 8,105 16,040 45,000 15,000 20,400 31,800 31,805 ALPHA CO Classified Balance Sheet As of December 31, Year 1 Assets Current assets Total current assets Property, plant and equipment Total property, plant and equipment Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Total liabilities Carlholderetter HH Retained earnings ALPHA CO. Classified Balance Sheet As of December 31, Year 1 Assets Current assets Total current assets Property, plant and equipment $ Total property, plant and equipment Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Total liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity