Exercise 7-22 Preparing a classified balance sheet LO 7-10 Required Use the following information to prepare a classified balance sheet for Alpha Co. at the end of 2018. Accounts receivable Accounts payable Cash Common stock Land Long-term notes payable Merchandise inventory Retained earnings $ 26,500 12,200 20,500 30,000 10,000 17,500 26,300 23,600 ALPHA CO. Classified Balance Sheet As of December 31, 2018 Assets Current assets $ 0 Total current assets Property, plant and equipment 0 Total property, plant and equipment Total assets $ 0 Ilahilldine and tantshaldarCanh Current assets Total current assets $ 0 Property, plant and equipment 0 $ 0 Total property, plant and equipment Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities 0 Total liabilities Stockholders' equity 0 Total stockholders' equity Total liabilities and stockholders' equity $ 0