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eBook Show Me How Calculator Stockholders' Equity Instructions Accounts, Labels and Amount Descriptions Stockholders' Equity 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 stockholder sold 300 shares to another stockholder for $60,000. The corporation reported net income of $44,000 for 2019. Stockholders' Equity Stockholders' Equity Instructions Mulcahy Manufacturing Inc. Partial Balance Sheet Stockholders' equity Previous Check My Work All work saved. Email Instructor Save and Exit Submit Assignment for grading