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Use the following information to prepare a classified balance sheet for Alpha Company at the end of Year 1. AccountsreceivableAccountspayableCashCommonstockLandLong-termnotespayableMerchandiseinventoryRetainedearnings$41,2909,37013,02041,00027,87023,80030,35038,360 ALPHA COMPANY Classified Balance Sheet

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Use the following information to prepare a classified balance sheet for Alpha Company at the end of Year 1. AccountsreceivableAccountspayableCashCommonstockLandLong-termnotespayableMerchandiseinventoryRetainedearnings$41,2909,37013,02041,00027,87023,80030,35038,360 ALPHA COMPANY Classified Balance Sheet As of December 31, Year 1 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 Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity

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