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Use the following information to prepare a classified balance sheet for Alpha Co. at the end of 2018. Accounts receivable $ 40,730 Accounts payable 8,820

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

Accounts receivable $ 40,730
Accounts payable 8,820
Cash 14,350
Common stock 42,000
Land 16,000
Long-term notes payable 20,200
Merchandise inventory 31,475
Retained earnings 31,535

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