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Required information [The following informotion applies to the questions displayed beliow] The following selected transactions occurred for Corner Corporation: February 1 Purchased $20 shares of

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Required information [The following informotion applies to the questions displayed beliow] The following selected transactions occurred for Corner Corporation: February 1 Purchased $20 shares of the cospany's oun comon stock at $32 cash per share; the stock is nou held in treasury. July 15 Issued 160 of the shares purchased on February 1 for $42 cash per share. Septenber 1 Issued 120 more of the shares purchased on February 1 for $27 cash per share. Required: 1. Indicate the account, amount, and direction of the effect for the above transoctions, (Enter any decreases to account balances with a minus sign.)

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