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List a few key events and explain why they occurred andfinancial effects that impacted Microsoft's shareholder's equity in2016.STOCKHOLDERS’ EQUITY STATEMENTS(In millions)Year Ended June 30,201620152014Common stock and paid-incapitalBalance, beginning ofperiod$68,465$68,366$67,306Common stock issued688634607Common stock repurchased(3,689)(3,700)(2,328)Stock-based compensationexpense2,6682,5742,446Stock-based compensation incometax benefits0588272Other, net66363Balance, end of period68,17868,46568,366Retained earningsBalance, beginning ofperiod9,09617,7109,895Net income16,79812,19322,074Common stock cash dividends(11,329)(10,063)(9,271)Common stock repurchased(12,283)(10,744)(4,988)Balance, end of period2,2829,09617,710Accumulated other comprehensiveincomeBalance, beginning ofperiod2,5223,7081,743Other comprehensive income(loss)(985)(1,186)1,965Balance, end of period1,5372,5223,708Total stockholders’ equity$71,997$80,083$89,784