QUESTION 55 Ali Corp issued 19,000 shares of no par common stock for $30 per share. Ali was authorized to issue 42,000 shares. What effect will this event have on the company's financial statements? Increase assets by 1 million 260,000, increased stockholders equity by 1200 and $60,000 increase assets by $570,000, increase stockholders equity by $570,000 increased cash flow from investing activities by $570,000 none of these answer choices are correct QUESTION 56 Valley farm supply started the period with $80,000 cash. Cash receipts for January were expected to total $350,000. Cash disbursements for January are expected to be $290,000. What is the expected cash balance at the end of January? $290,000 $350,000 $80,000 $140,000