Questions 2 The following information applies to the questions displayed below Nicole has been financing Nicole's Getaway Spa (NGS) using equity financing. Currently NGS hos authonzed 00,000 no-par preferred shares and 200,000 $2 per common shares. Outstanding shares include 56,000 preferred shares and 46,000 common shares Recently the following transactions have taken place. a. NGS issues 1,300 preferred shares for $12 a share. b. NGS repurchases 1300 common shares for $11 a share c. On November 12, the board of directors declares a $0.20 cash dividend on each outstanding preferred share d. The dividend is pald December 20 2. value 3.00 points Required: 1. Prepare the journal entries needed for each of the transactions. (It no entry is required for a transactionlevent, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the issuance of 1,300 shares of preferred stock with no par value for a price of $12 per share. Note: Enter debits before oredits. Transaction General Journal Debit Credit Type here to search