The following is a portion of the Statement of Shareholders' Equity from Cisco Systems' January 25, 2014, quarterly report. Remember that comparative purposes, three years are reported in these statements. The 2013 and 2012 portions of the statement are not shown here for brevity of presentation.

Required:
1. What is the purpose of the statement of shareholders' equity?
2. How does Cisco account for its share buybacks?
3. For its share buybacks in the period shown, was the price Cisco paid for the shares repurchased more or less than the average price at which Cisco had sold the shares previously? Reconstruct the journal entry Cisco used to record the buyback. The par amount of Cisco's shares is $0.001.
4. What is comprehensive income? What is other comprehensive income?
5. What caused the change in Cisco's comprehensive income for the period shown? What was the amount of Accumulated other comprehensive income (loss) that Cisco reported in its January 25, 2014, balance sheet? Be specific.

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CISCO SYSTEMS, INC. Consolidated Statements of Equity (in part) Shares of Common Common Stock and Additional Accumulated Other Total Retained Comprehensive Shareholders' (S in millions) Stock Paid-In Cap Earnings Income Equity $16,215 Balance at July 27, 2013 Net income Other comprehensive income Issuance of common stock Repurchase of common stock Cash dividends declared Tax effects from employee stock 5,389 2,297 $59,120 3,425 95 837 (6,329) (1,810) S608 3,425 95 84 837 (2,427) (3,902) (1,810) incentive plans 29 46 29 46 Purchase acquisitions Share-based compensation 656 $56,069 expense 656 Bal lance at January 25, 2014 5,191 $41,438 $13,928 $703