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 Company at the end of Year 1. Accounts receivable Accounts payable. Cash Common stock Land Long-term notes payable Merchandise inventory Retained earnings $ 40,770 9,700 17,978 40,500 28,460 24,950 27,600 39,650 Current assets ALPHA COMPANY Classified Balance Sheet As of December 31, Year 1 Total current assets Property, plant and equipment Total property, plant and equipment Total assets Current liabilities Long-term liabilities Total liabilities Stockholders' equity S 0 0 $ 0 Liabilities and Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity 0 0 S 0