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The following selected transactions occurred for Corner Corporation: February 1 Purchased 5 4 0 shares of the company s own common stock at $ 3

The following selected transactions occurred for Corner Corporation:
February 1 Purchased 540 shares of the companys own common stock at $34 cash per share; the stock is now held in treasury.
July 15 Issued 170 of the shares purchased on February 1 for $44 cash per share.
September 1 Issued 130 more of the shares purchased on February 1 for $29 cash per share.
What impact does the purchase of treasury stock have on dividends paid?

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