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 Current assets Total current assets Property, plant and equipment Total property, plant and equipment Total assets Current liabilities Long-term liabilities Total liabilities Stockholders' equity $ 44,090 6,235 15,160 44,500 25,120 ALPHA COMPANY Classified Balance Sheet As of December 31, Year 1 Total stockholders' equity Total liabilities and stockholders' equity 21,950 28,550 40,235 Liabilities and Stockholders' Equity

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