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

Accounts receivable $ 43,640

Accounts payable 7,025

Cash 15,830

Common stock 40,500

Land 25,510

Long-term notes payable 22,900

Merchandise inventory 28,050

Retained earnings 42,605

Classified Balance Sheet As of December 31, Year 1 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