The following is a portion of the Statement of Shareholders' Equity from Cisco Systems' January 23, 2016, quarterly report.

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 23, 2016, balance sheet? Be specific.

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CISCO SYSTEMS, INC. Consolidated Statements of Equity (in part) Stock and Other Total Common Retained Comprehensive Shareholder ($ in millions) Balance at July 25, 2015 Net income Other comprehensive income Stock Paid-In Capital Earnings $16,045 5,577 Income Equity $43,592 $ 61 $59,698 5,577 5,085 (loss) Issuance of common stock Repurchase of common stock Shares repurchased for tax (868) (868) 76 701 (93) (801) (1,668) (2,469) withholdings on vesting of restricted stock units (16) (412) (412) Cash dividends declared ($0.42 per common share) (2,133) (2,133) Tax effects from employee stock incentive plans 706 706 Purchase acquisitions 43 Balance at January 23, 2016 5,052 $43,857 $17,821 $(807) $60,871