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 $ 40,390 Accounts payable 8,280 Cash 17,500 Common stock 43,500 Land 29,170 Long-term notes payable 20,950 Merchandise inventory 27,375 Retained earnings 41,705