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Nicole has been financing Nicole's Getaway Spa (NGS) using equity financing. Currently NGS has authorized 100,000 nopar preferred shares and 200,000$2 par common shares. Outstanding shares include 47,000 preferred shares and 37,000 common shares. Recently the following transactions have taken place. a. NGS issues 850 preferred shares for $11 a share. b. NGS repurchases 850 common shares for $10 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. If you were a common shareholder concerned about your voting rights, would you prefer Nicole to issue additional common shares or additional preferred shares? Additional Preferred Shares Additional Common Shares Nicole has been financing Nicole's Getaway Spa (NGS) using equity financing. Currently NGS has authorized 100,000 nopar preferred shares and 200,000$2 par common shares. Outstanding shares include 47,000 preferred shares and 37,000 common shares. Recently the following transactions have taken place. a. NGS issues 850 preferred shares for $11 a share. b. NGS repurchases 850 common shares for $10 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. Show the overall effect of each transaction on the assets, liabilities, and shareholders' equity of the company. (Use + for increase, for decrease, and NE for no effect.) Nicole has been financing Nicole's Getaway Spa (NGS) using equity financing. Currently NGS has authorized 100,000 nopar preferred shares and 200,000$2 par common shares. Outstanding shares include 47,000 preferred shares and 37,000 common shares. Recently the following transactions have taken place. a. NGS issues 850 preferred shares for $11 a share. b. NGS repurchases 850 common shares for $10 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. 4. How would each transaction affect the ROE ratio? (Use + for increase, - for decrease, and NE for no effect.)