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Nicole has been financing Nicole's Getaway Spa (NGS) using equity financing. CurrentlyINGS has authorized 100,000 no- par preferred shares and 200,000 $2 par common shares.

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Nicole has been financing Nicole's Getaway Spa (NGS) using equity financing. CurrentlyINGS has authorized 100,000 no- par preferred shares and 200,000 $2 par common shares. Outstanding shares include 20.000 preferred shores and 50,000 common shares Recently the following transactions have taken place, a NGS issues 1,500 preferred shares for $11 a share b. NGS repurchases 1,500 common shares for $10 a share c. On November 12, the board of directors declares a $0,10 cash dividend on each outstanding preferred share, d. The dividend is paid December 20 Answer is complete but not entirely correct. Balance Sheet Transaction Assets Liabilities a + 0 SIS 16,500 15,000 0 b. Stockholders Equity 16,500 15.000 NE OX 6,000 X NE NE NE NEX 0 NE OX C d 6.000 0 X

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