Use the following information to prepare a classified balance sheet for Alpha Co. at the end of 2016.

Accounts receivable	$26,500
Accounts payable	12,200
Cash	20,500
Common stock	30,000
Land	10,000
Long-term notes payable	17,500
Merchandise inventory	26,300
Retained earnings	23,600

Classified Balance Sheet As of December 31, 2016 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