Required information [The following information applies to the questions displayed below.] Nicole has been financing Nicole's Getaway Spa (NGS) using equity financing Currently NGS has authorized 100,000 no- par preferred shares and 200,000 $2 par common shares. Outstanding shares include 60,000 preferred shares 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 Required information Journal entry worksheet Record the declaration of a 50.10 cash dividend on the shares of preferred stock outstanding, Note: Enter debits before credits Transaction General Journal Debit Credit C Journal entry worksheet