The consolidated statement of stockholders’ equity for Jackson Electronics, Inc., a manufacturer of a broad line of electrical components, is presented on the below. It has nine summary transactions.

1. Show that you understand it by preparing 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.

2. 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, 2011 (In thousands) Accumulated Additional Treasury Other Com- prehensive Income Preferred Common Paid-In Retained Stock, Capital Earnings Common Stock Stock Total Balance at September 30, 2010 $2,756 $3,902 $14,149 $139,177 $119,312 ($ 942) (1) Net income 18,753 18,753 (2) Unrealized gain on available for sale securities $12,000 12,000 (3) Redemption and retirement of preferred stock (27,560 shares) (2,756) (2,756) (4) Stock options exercised (89,000 shares) 89 847 936 (5) Purchases of common stock for treasury (501,412 shares) (12,552) (12,552) (6) Issuance of common stock (148,000 shares) in exchange for convertible subordinated debentures 3,635 148 3,783 (7) Issuance of common stock (715,000 shares) for cash 715 24,535 25,250 (8) Issuance of 500,000 shares of common stock in exchange for investment in Electrix Company shares 500 17,263 17,763 (9) Cash dividends-common stock ($0.80 per share) (3,086) (3,086) Balance at September 30, 2011 $5,354 $60,429 $134,979 ($13,494) $199,268 $12,000