Use the following information to prepare a classified balance sheet for Alpha Co. at the end of 2018.

Exercise 7-22 Preparing a classified balance s Required Use the following information to prepare a classified balanc 55:47 ok Accounts receivable Accounts payable Cash Common stock Land Long-term notes payable Merchandise inventory Retained earnings $42,730 7,125 16,520 40,500 14,000 22,650 31,025 34,000 ht -nces ALPHA CO. Classified Balance Sheet As of December 31, 2018 Assets Current assets As of December 31, 2018 Assets 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 Total liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity