0 Required information E11-8 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: Feb. 1 Purchased 430 shares of the company's own common stock at $23 cash per share; the stock is now held in treasury. July 15 Issued 115 of the shares purchased on February 1 for $33 cash per share. Sept.1 Issued 75 more of the shares purchased on February 1 for $18 cash per share E11-8 Part 4 4. What impact does the reissuance of treasury stock for an amount higher than the purchase price have on net income? The reissuance of treasury stock for more or less than its original repurchase cost fect net income. The transaction affects only accounts