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 $42,500 7,085 15,410 41,500 28,090 24,300 27,125 40,240 ALPHA CO. Classified Balance Sheet As of December 31, Year 1 Current assets $ 0 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