Goodman Ltd. had the following shareholders' equity: $0.29 Preferred shares, authorized 100,000 shares; outstanding 49,000 shares Common shares, authorized 200,000 shares; outstanding 39,000 shares O Recently the following transactions have taken place. On March 1, Goodman repurchased and cancelled 1,000 common shares for $11.10 a share. On June 1, Goodman issued 1,000 preferred shares for $13.10 a share. On November 12, the board of directors declared a cash dividend on each outstanding preferred share. The dividend was paid on December 20. Required: 1. Describe the overall effect of each transaction on the assets, liabilities, and shareholders' equity of the company. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) Transaction Balance Sheet Liabilities Shareholder's Equity Assets a. b. C. d. + 2. If you were a common shareholder concerned about your voting rights, would you prefer Goodman to issue additional common shares or additional preferred shares? Additional preferred shares Additional common shares 3. How would each transaction affect the ROE ratio? (Use + for increase, - for decrease, NE for no effect.) Transaction ROE a. b. c. d