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 $43, 320 7,130 16, 640 43, 500 10, 000 23, 050 29, 125 25, 405 ALPHA CO. Classified Balance Sheet As of December 31, Year 1 Assets Current assets Total current assets Property, plant and equipment Total property, plant and equipment Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Total liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity