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Required Use the following information to prepare a classified balance sheet for Alpha Company at the end of Year 1 Accounts receivable Accounts payable Cash

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Required Use the following information to prepare a classified balance sheet for Alpha Company at the end of Year 1 Accounts receivable Accounts payable Cash Common stock Land Long-term notes payable Merchandise inventory Retained earnings $ 41,899 3,985 17,490 43,500 28,090 24, ese 27,375 38,310 ALPHA COMPANY Classified Balance Sheet As of December 31, Year 1 Assets Current 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

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