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The stockholders' equity of ALI Ine. consisted of the following at December 31, 20x8. Ca authorized, issued, and outstanding Paid-in-Capital in excess of par Retained

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The stockholders' equity of ALI Ine. consisted of the following at December 31, 20x8. Ca authorized, issued, and outstanding Paid-in-Capital in excess of par Retained Earnings Total Stoekholders' Equity stock, $15 par, 100,000 shares $1,500,000 500,000 600,000 $2,600,000 Using the Cost Method: Prepare the entries to reacquire a. 200 shares at $20 per share January 1,20x9 b. 400 shares at $18 per share January 1, 20x9 c. Prepare a partial balance sheet of the stockholders' equity on January 31, 20x9. (Go to next page) a. January 1, 20X9 b. January 20, 20X9 TS c. Partial Balance Sheet (on next page)

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