Required Use the following information to prepare a classified balance sheet for Alpha Co. at the end of Year 1 Accounts receivable $42,230 Accounts payable 6,180 Cash 15,220 Common stock 43,000 Land 13,000 Long-term notes payable 22,950 Merchandise inventory 27,075 Retained earnings 25,395 Assets Current assets ALPHA CO. Classified Balance Sheet As of December 31, Year 1 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