The following selected transactions occurred for Corner Corporation:

February 1	Purchased 500 shares of the companys own common stock at $30 cash per share; the stock is now held in treasury.
July 15	Issued 150 of the shares purchased on February 1 for $40 cash per share.
September 1	Issued 110 more of the shares purchased on February 1 for $25 cash per share.

1. What impact does the reissuance of treasury stock for an amount higher than the purchase price have on net income?