Use the following information to prepare a classified balance sheet for Alpha Company at the end of Year 1. \begin{tabular}{lr} Accounts receivable & $42,810 \\ Accounts payable & 8,525 \\ Cash & 17,510 \\ Common stock & 40,500 \\ Land & 27,690 \\ Long-term notes payable & 24,850 \\ Merchandise inventory & 28,150 \\ Retained earnings & 41,685 \end{tabular}