Barch Enterprises develops and produces cleaning products. Presented below is the company's statement of shareholders' equity from its annual report: BARCH ENTERPRISES Consolidated Statements of Shareholders' Equity and Comprehensive Income For year ended December 31 Additional Unearned Accumulated Other Amounts in thousands Common Stock Paid-In Capital Balance - January 1 $254 $311,735 ($21) Compen- Accumulated Comprehensive sation Deficit Income (Loss) ($279,747) Total Shareholders' Equity $46 $32,267 Unearned compensation amortized 26 Common shares issued 2 332 26 334 Stock option exercises 39 (39) Stock purchased and retired (7) (2,896) Net income Translation adjustment Balance - December 31 $249 $309,210 ($34) (2,903) 431 431 242 242 ($279,316) $288 $30,397 Prepare a list of the key events that impacted Barch's shareholders' equity. Where possible, explain why the transaction occurred.