Use the following information to prepare a classified balance sheet for Alpha Company at the end of Year 1. \begin{tabular}{lr} Accounts receivable & $42,440 \\ Accounts payable & 8,935 \\ Cash & 17,510 \\ Common stock & 43,000 \\ Land & 26,830 \\ Long-term notes payable & 23,500 \\ Merchandise inventory & 28,500 \\ Retained earnings & 39,845 \end{tabular}