Using Apple Inc. Financial Statements, answer questions 1 THROUGH 3. This shouldn't be difficult. A thumbs down will be given if answered incorrectly.

***( Chegg Management )***

III. Consolidated Statements of Shareholders' Equity Page A-4 (4 Points) 1. Examine the Statement of Shareholders' Equity. Describe what this statement presents in your own words. 2 What is the beginning Retained earnings balance for the year ending Sept. 24. 2016? What is the ending Retained earnings balance for the year ending Sept. 24, 2016 3. State at least two reasons the Retained Earmings balance changed from Sept. 26, 2015 to Sept. 24, 2016. Apple Inc. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY In millions, except number of shares which are reflected in thousands) Accumulated Other Comprehensive Income Total Common Stock and Additional Paid-In Capital Shareholders Retained Earnin Shares 123,549 39.510 Amount Balances as of September 28, 2013 6,294.494 104,256 39,510 Other comprehensive income (loss) Dividends and dividend equivalents declared Repurchase of common stock Share-based compensation Common stock issued, net of shares withheld 1,553 (11,215) (45,000) (45,000) 2,863 (488,677) 2,863 (448) for employee taxes 60,344 (399) Tax benefit from equity awards, including 735 111,547 53,394 transfer pricing adjustments 735 Balances as of September 27, 2014 5,866,161 1,082 87,152 53,394 Net income Other comprehensive income (loss) Dividends and dividend equivalents declared Repurchase of common stock Share-based compensation (1,427) (11,627) (36,026) (11,627) (36,026) 3,586 (325,032) 3,586 Common stock issued, net of shares withheld for employee taxes 37,624 (609) Tax benefit from equity awards, including transfer pricing adjustments 0 119,355 45,687 Balances as of September 26, 2015 5,578,753 $ 27,416 $ 92,284 $ (345) S Net income Other comprehensive income (loss) Dividends and dividend equivalents declared Repurchase of common stock Share-based compensation 45,687 979 (12,188) (29,000) 4,262 979 (12,188) (29,000) (279,609) 4,262 Common stock issued, net of shares withheld for employee taxes 37,022 (1,225) Tax benefit from equity awards, including 379 128,249 transfer pricing adjustments ances as of September 24, 2016 5,336,166 S 96,364 S 634 S See accompanying Notes to Consolidated Financial Statements