es Exercise Required Use the following information to prepare a classified balance sheet for Alpha Company at the end of Year 1. Accounts receivable Accounts payable Cash Common stock Land Long-term notes payable Merchandise inventory Retained earnings Current assets Total current assets Property plant and equipment $ 40,110 6,320 17,830 43,000 27,610 21,500 30,250 44,980 ALPHA COMPANY Classified Balance Sheet As of December 31, Year 1 Assets Total property plant and equipment Total assets Current liabilities Liabilities and Stockholders' Equity