Required Use the following information to prepare a classified balance sheet for Alpha Co. at the end of Year 1. Accounts receivable. $43,760 Accounts payable 8,625 Cash 15,440 Common stock 41,000 Land 16,000 Long-term notes payable 21,100 Merchandise inventory 28,975 Retained earnings 33,450 ALPHA CO. Classified Balance Sheet As of December 31, Year 1 Assets Current assets Accounts payable Accounts receivable Cash Common stock Total current assets Property, plant and equipment Land Long-term notes payable Total property, plant and equipment $ 0