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 paid? Dividends Therefore, the total amount of paid on treasury stock paid is when treasury stock is purchased