PART 2

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 $42,590 8,170 16,670 44,500 25,800 20,600 31,725 43,515 ALPHA co Classified Balance Sheet As of December 31, Year Current assets Total current assets Property, plant and equipment Total property, plant and equipment Total assets Liabilities and Stockholders' Equity Current liabilities