Required Use the following information to prepare a classified balance sheet for Alpha Co. at the end of Year 1. Accounts receivable $43,510 Accounts payable 6,940 Cash 14,790 Common stock 41,500. Land 15,000 Long-term notes payable. 24,750 Merchandise inventory 27,325 Retained earnings 27,435 Assets Current assets ALPHA CO. Classified Balance Sheet As of December 31, Year 11 Total current assets Property, plant and equipment 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