Required Use the following Information to prepare a classified balance sheet for Alpha Co. at the end of Year 1 Accounts receivable Accounts payable Cash Common stock Land Long-term notes payable Merchandise inventory Retained earnings $41,890 7,030 14,750 42,500 28,750 21,850 31,025 45,035 ALPHA CO. Classified Balance Sheet As of December 31, Year 1 Current assets Total current assets 0 Property, plant and equipment Total property, plant and equipment Total assets 0 Liabilities and Stockholders Equity Current liabilities Long-term liabilities Total liabilities 0 Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity 0