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Required information

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

The following selected transactions occurred for Corner Corporation:

February $1$ Purchased $520$ shares of the company's own common stock at $$32$ cash per share; the stock is now held in treasury.

July $15$ Issued $160$ of the shares purchased on February $1$ for $$42$ cash per share.

September $1$ Issued $120$ more of the shares purchased on February $1$ for $$27$ cash per share.

$3.$ What impact does the purchase of treasury stock have on dividends paid?

$\backslash$table$[[$Dividends$,$paid on treasury stock.,$],[$Therefore$,$ the total amount of$,$paid is$,$when treasury stock is purchased.$]]$