Use the following information to prepare a classified balance sheet for Alpha Co. at the end of Year 1.

Accounts receivable	$	43,750
Accounts payable		6,355
Cash		16,460
Common stock		44,000
Land		26,820
Long-term notes payable		23,250
Merchandise inventory		28,300
Retained earnings		41,725

ALPHA CO.
Classified Balance Sheet
As of December 31, Year 1
Current assets
Total current assets		$0
Property, plant and equipment
Total property, plant and equipment		0
Total assets		$0
Liabilities and Stockholders Equity
Current liabilities
Long-term liabilities
Total liabilities		0
Stockholders equity
Total stockholders equity		0
Total liabilities and stockholders equity		$0