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Required information E11-8 (Static) Recording Treasury Stock Transactions and Analyzing Their Impact [LO 11-2, LO 11-3] [The following information applies to the questions displayed below.] The following selected transactions occurred for Corner Corporation: Tebruary 1 Purchased 400 shares of the company's own combon stock at $20 cash per share; the stock is nou held in treasury. July 15 Issued 100 of the shares purchased on February 1 for $30 cash per share. September 1 Issued 69 more of the shares purchased on February 1 for $15 cash per share. E11-8 (Static) Part 3 3. What impact does the purchase of treasury stock have on dividends paid? Required information E11-8 (Static) Recording Treasury Stock Transactions and Analyzing Their Impact [LO 11-2, LO 11-3] [The following information applies to the questions displayed below] The following selected transactions occurred for Corner Corporation: February 1 Purchased 400 shares of the compary's oun comon stock at $2 cash per share; the stock is now held in treasury. July 15 Issued 100 of the shares purchased on February 1 for $30 cash per share. September 1 Issued 60 nore of the shares purchased on February 1 for $15 cash per-share. E11-8 (Static) Part 4 4. What impact does the relssuance of treasury stock for an amount higher than the purchase price have on net income

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