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Please Help Use the following information to prepare a classified balance sheet for Alpha Company at the end of Year 1. Accounts receivable $40,790 Accounts

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Use the following information to prepare a classified balance sheet for Alpha Company at the end of Year 1.

Accounts receivable	$40,790
Accounts payable	8,290
Cash	16,300
Common stock	43,000
Land	16,000
Long-term notes payable	21,050
Merchandise inventory	30,575
Retained earnings	31,325

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