Use the following information to prepare a classified balance sheet for Alpha Co. at the end of Year 1. Accounts receivable $42,250 9,575 Accounts payable Cash 16,530 Common stock 44,000 Land 17,000 Long-term notes payable 24,900 Merchandise inventory Retained earnings 31,850 29,155 Assets Current assets ALPHA CO. Classified Balance Sheet As of December 31, Year 1 Total current assets EA S 0