need an explination too please

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 $40,400 9,055 14,210 43,000 11,000 23,800 28,375 18,130 Classified Balance Sheet As of December 31, Year 1 Assets 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 0 Total liabilities Stockholders' equity O Total stockholders' equity Total liabilities and stockholders' equity $ 0