Required Information [The following Information applies to the questions displayed below.] The following selected transactions occurred for Corner Corporation: February 1 Purchased 420 shares of the company's own common stock at \$22 cash per share; the stock is now held in treasury. July 15 Issued 110 of the shares purchased on February 1 for $32 cash per share. September 1 Issued 70 more of the shares purchased on February 1 for $17 cash per share. 3. What Impact does the purchase of treasury stock have on dividends pald