Required information E11-8 (Algo) 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 570 shares of the company's own common stock at $37 cash per share; the stock is now held in treasury. July 15 Issued 185 of the shares purchased on February 1 for $47 cash per share, September 1 Issued 145 more of the shares purchased on February 1 for $32 cash per share. =118 (Algo) Part 1 Required: 1. Indicate the account, amount, and direction of the effect for the above transactions. (Enter any decreases to account balances with a minus sign.) 1. Indicate the account, amount, and direction of the effect for the above transactions. (Enter any decreases to account balances with a minus sign.)