10.

Required information [The following information applies to the questions displayed below.] The following selected transactions occurred for Corner Corporation: February 1 Purchased 500 shares of the company's own comon stock at $30 cash per share; the stock is now held in treasury. July 15 Issued 150 of the shares purchased on February 1 for $40 cash per share. September 1 Issued 110 more of the shares purchased on February 1 for $25 cash per share. 3. What impact does the purchase of treasury stock have on dividends paid