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

Accounts receivable $42,390

Accounts payable 9,230

Cash 13,250

Common stock 41,500

Land 25,380

Long-term notes payable 20,100

Merchandise inventory 31,500

Retained earnings 41,690

ok ALPHA CO. Classified Balance Sheet As of December 31, Year 1 Current assets Total current assets Property, plant and equipment nces 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