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 $ 43,750 9,245 13,190 41,500 28, 230 24,600 28, 325 38. 159 ALPHA COMPANY Classified Balance Sheet As of December 31, Year 1 Assets Current assets $ Total current assets Property, plant and equipment 0 $ 0 Total property, plant and equipment Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities 0 Total liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity 0 $ 0