Use the following information to prepare a classified balance sheet for Alpha Company at the end of Year 1. Write out your classified balance sheet in good form by hand, scan it, and upload it as either a pdf or a Word document.

Accounts receivable $ 43,710

Accounts payable 6,125

Cash 16,830

Common stock 40,500

Land 27,870

Long-term notes payable 24,050

Merchandise inventory 31,425

Retained earnings 49,160