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Usethe following information to prepare a classified balance sheet forAlpha Company at the end of Year 1 ( begin{array}{lr}text { Accounts receivable } & $

Usethe following information to prepare a classified balance sheet forAlpha Company at the end of Year 1 \( \begin{array}{lr}\text { Accounts receivable } & \$ 4,700 \\ \text { Accounts payable } & 8,645 \\ \text { Cash } & 14,190 \\ \text { Common stock } & 40,500 \\ \text { Land } & 28,330 \\ \text { L 2 answers

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