Required

Use the following information to prepare a classified balance sheet for Alpha Co. at the end of 2018.

Accounts receivable	$	41,450
Accounts payable		9,390
Cash		13,640
Common stock		41,000
Land		19,000
Long-term notes payable		24,950
Merchandise inventory		30,400
Retained earnings		29,150

ALPHA CO.
Classified Balance Sheet
As of December 31, 2018
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