Required information Skip to question [The following information applies to the questions displayed below.] The following selected transactions occurred for Corner Corporation: Feb. 1 Purchased 600 shares of the companys own common stock at $40 cash per share; the stock is now held in treasury. July 15 Issued 200 of the shares purchased on February 1 for $50 cash per share. Sept. 1 Issued 160 more of the shares purchased on February 1 for $35 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.)

Assets Liabilities Stockholders' Equity Feb. 1 July 15 Sept. 1