Exercise 9-14A (Algo) Preparing a classified balance sheet LO 9-6 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 $40,330 7,245 13,490 44,000 29,960 21,550 30,300 41,285 ALPHA CO. Classified Balance Sheet As of December 31, Year 1 Current assets Total current assets $ 0 Property, plant and equipment 0 $ 0 Total property, plant and equipment Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Total liabilities 0 Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity $