Required Use the following Information to prepare a classified balance sheet for Alpha Co. at the end of Year 1. Accounts receivable $44,770 Accounts payable 7,665 Cash 17,610 Common stock 41,500 Land 18,000 Long-term notes payable 20,750 Merchandise inventory 29,175 Retained earnings 39,640 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