Required Use the following information to prepare a classified balance sheet for Alpha Company at the end of Year 1. Accounts receivable $ 44,340 Accounts payable 7,990 Cash 14,080 Common stock 45,000 Land 25,430 Long-term notes payable 22,100 Merchandise inventory 27,675 Retained earnings 36,435 Current assets ALPHA COMPANY Classified Balance Sheet As of December 31, Year 1 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