$3$ : $1$ Required information

$[$The following information applies to the questions displayed below.$]$

The following selected transactions occurred for Corner Corporation:

February $1$ Purchased $550$ shares of the company's own common stock at $$35$ cash per share; the stock is now held in

treasury.

July $15$ Issued $175$ of the shares purchased on February $1$ for $$45$ cash per share.

September $1$ Issued $135$ more of the shares purchased on February $1$ for $$30$ cash per share.

Required:

Indicate the account, amount, and direction of the effect for the above transactions. $($Enter any decreases to account balances with

a minus sign.$)$