I don't know how to set up this

ments - AUT EeAssignment/takeAssignmentMain.do?invoker=&takeAssignment SessionLocator=&inprogress=false More Than Half of... top There's racial biasi... S hared album-Dor Johnson & Wales P 29 Log Into JWU Grammar Checker Show Me How Calculator eBook Stockholders' Equity Stockholders Equity Instructions Accounts, Labels and Amount Descriptions Instructions On January 1, 2019, Mulcahy Manufacturing Inc., a newly formed corporation, issued 1,000 shares of common stock in exchange for $130,000 cash. No other shares were issued during 2019, and no shares were repurchased by the corporation. On November 1, 2019, the corporation's major stockholders 300 shares to another stockholder for $60,000. The corporation reported net income of $44,000 for 2019. Required: Prepare the stockholders'equity section of Mulcahy's balance sheet at December 31, 2019