Nicole has been financing Nicole's Getaway Spa (NGS) using equity financing. Currently, NGS has authorized 100,000 $0.30 preferred shares and 200,000 common shares. Outstanding shares include 50,000 preferred shares and 40,000 common shares. Recently the following transactions have taken place. a NGS repurchased and cancelled 1,000 common shares for $10 a share. NGS issued 1.000 preferred shares for $12 a share. c on November 12, the board of directors declared a cash dividend on each outstanding preferred share. d. The dividend was paid December 20. Required: 1. Prepare the journal entries needed for each of the transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet NGS issued 1,000 preferred shares for $12 a share. Note: Enter debits before credits. Event General Journal Debit Credit b. Record entry Clear entry View general journal Journal entry worksheet