Use the following information to prepare a classified balance sheet for Alpha Co. at the end of Year 1 Accounts receivable Accounts payable Cash Common stock Land Long-term notes payable Merchandise inventory Retained earnings $41,690 6,975 15,930 43,500 25,660 24,600 30, 225 38,439 ALPHA CO Classified Balance Sheet As of December 31, Year 1 Current assets