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 par preferred shares and 200,000 $2 par 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 1,300 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 paid December 20. 4 4. How would each transaction affect the ROE ratio? (Use + for increase, - for decrease, and NE for no effect.) Transaction a b C d ROE Proctorio is sharing your screen