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4 Required information The following information applies to the questions displayed below) Nicole has been financing Nicole's Getaway Spa (NGS) using equity financing Currently NGS

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4 Required information The following information applies to the questions displayed below) Nicole has been financing Nicole's Getaway Spa (NGS) using equity financing Currently NGS has authorized 100,000 no- par preferred shares and 200,000 $2 par common shares Outstanding shares include 42.000 preferred shares and 32,000 common shares Recently the following transactions have taken place. a NGS issues 600 preferred shares for $12 a share. b.NGS repurchases 600 common shares for $11 a share c On November 12, the board of directors declares a $0.40 cash dividend on each outstanding preferred share d The dividend is paid December 20

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