[The following information applies to the questions displayed below.] The following selected transactions occurred for Corner Corporation: Feb. 1 Purchased 580 shares of the company's own common stock at $38 cash per share the stock is now held in treasury July 15 Issued 190 of the shares purchased on February 1 for $48 cash per share. Sept 1 Issued 150 more of the shares purchased on February 1 for $33 cash per share. 3. What impact does the purchase of treasury stock have on dividends paid? Dividends are not paid on Therefore, the total amount paid is when treasury stock is purchased References eBook & Resources Matching Learning Objective: 11-02 Explain and analyze common stock transactions Difficulty: 2 Medium Learning Objective: 11-03 Explain and analyze cash dividends, stock dividends, and stock split transactions. Check my work 14. 0.30 points 4. What impact does the reissuance of treasury stock for an amount higher than the purchase price have on net income? The reissuance of treasury stock for more or less than its original repurchase cost affect net income. The transaction affects only accounts