8 Part 4 of 4 Required information [The following information applies to the questions displayed below.) The following selected transactions occurred for Corner Corporation: Feb. 1 Purchased 460 shares of the company's own common stock at $26 cash per share; the stock is now held in treasury. July 15 Issued 130 of the shares purchased on February 1 for $36 cash per share. Sept. 1 Issued 90 more of the shares purchased on February 1 for $21 cash per share. 0.1 points Book 4. What impact does the reissuance of treasury stock for an amount higher than the purchase price have on net income? HM The ressuance of treasury stock for more or less than its original repurchase cost attach not income. The transaction affects only mocounts Print