The consolidated statement of stockholders' equity for Jackson Electronics, Inc., a manufacturer of a broad line of electrical components, is presented below.

This statement of stockholders' equity has nine summary transactions. Show that you understand it by preparing an entry in journal form with an explanation for each transaction. In each case, if applicable, determine the average price per common share. At times, you will have to make assumptions about an offsetting part of the entry. For example, assume debentures (long-term bonds) are recorded at face value and that employees pay cash for stock purchased under company incentive plans. Also, define comprehensive income and determine the amount for Jackson Electronics.

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Jackson Electronics, Inc. Consolidated Statement of Stockholders' Equity For the Year Ended September 30, 20x8 (In thousands) Paid-in Capital n Exess of Preferred Common Par Value, Retained Stock, Accumulated Treasury Other Comm prehensive Common Earnings Common Income Stock Stock Total Balance at September 30, 20xi7 $2,756 $3,902 $14,149 $119,312 942) $139,177 Net income Unrealized gain on available 18,753 18,753 for sale securities $12,000 12,000 Redemption and retirement of preferred stock (27,560 shares) (2,756) 936 (12,552) (2,756) Stock options exercised Purchases of common stock for Issuance of common stock (89,000 shares) 89 847 treasury (501,412 shares) (12,552) ー (148,000 shares) in exchange for convertible subordinated debentures 148 3,635 3,783 Issuance of common stock (715,000 shares) for cash 715 24,535 25,250 Issuance of 500,000 shares of common stock in exchange for investment in Electrix Company shares 500 17,263 17,763 Cash dividends-common stock ($.80 per share) 3,086 S5,354 $60,429 $134,979 ($13,494) $12,000 $199,268 _(3,086) Balance at September 30, 20x8