Exercise 9-14A Preparing a classified balance sheet LO 9-6 Required Use the following information to prepare a classified balance sheet for Alpha Co. at the end of Year 1 Accounts receivable Accounts payable Cash Common stock Land Long-term notes payable Merchandise inventory Retained earnings $42,250 7,900 16,060 42,000 27, 340 21,550 30,650 44,850 ALPHA CO. Classified Balance Sheet As of December 31, Year 1 Current assets Classified Balance Sheet As of December 31, Year 1 Current assets S . I Total current assets Property, plant and equipment S Total property, plant and equipment Total assets A Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Total liabilities Stockholders' equity Total stockholders' equity Total abilities and stockholders equity