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Use the following information to prepare a classified balance sheet for Alpha Company at the...

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Accounting

Use the following information to prepare a classified balance sheet for Alpha Company at the end of Year 1.
Accounts receivable $ 41,940
Accounts payable 9,860
Cash 16,080
Common stock 43,500
Land 28,640
Long-term notes payable 22,150
Merchandise inventory 29,950
Retained earnings 41,100

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