Problem: Module 3 Textbook Problem 8 Learning Objective: 3-8 Distinguish between current and noncurrent assets and liabilities on a classified balance sheet Required Use the following information to prepare a classified balance sheet for Alpha Co. at the end of Year 1. ALPHACO. Classified Balance Sheet As of December 31, Year 1 Assets Current assets Total current assets Property, plant and equipment \begin{tabular}{|c} \hline \\ \hline Total property, plant and equipment \\ \hline Totalassets \\ \hline \end{tabular} Total assets Liabilities and Stockholders' Equity Current liabilities Total liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity