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

Accounts receivable	$ 41,890
Accounts payable	8,985
Cash	17,490
Common stock	43,500
Land	28,090
Long-term notes payable	24,050
Merchandise inventory	27,375
Retained earnings	38,310

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