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 nopar preferred shares and 200,000$2 par common shares. Outstanding shares include 59,000 preferred shares and 49,000 common shares. Recently the following transactions have taken place. a. NGS issues 1,450 preferred shares for $12 a share. b. NGS repurchases 1,450 common shares for $11 a share. c. On November 12 , the board of directors declares a $0.50 cash dividend on each outstanding preferred share. d. The dividend is paid December 20 . x Answer is complete but not entirely correct. Record the declaration of a $0.50 cash dividend on the shares of preferred stock outstanding. Note: Enter debits before credits. Record the payment of the cash dividend to the preferred shareholders. Note: Enter debits before credits. 3. Show the overall effect of each transaction on the assets, liabilities, and shareholders' equity of the company. (Use + for increase, for decrease, and NE for no effect.) 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 nopar preferred shares and 200,000$2 par common shares. Outstanding shares include 59,000 preferred shares and 49,000 common shares. Recently the following transactions have taken place. a. NGS issues 1,450 preferred shares for $12 a share. b. NGS repurchases 1,450 common shares for $11 a share. c. On November 12 , the board of directors declares a $0.50 cash dividend on each outstanding preferred share. d. The dividend is paid December 20 . x Answer is complete but not entirely correct. Record the declaration of a $0.50 cash dividend on the shares of preferred stock outstanding. Note: Enter debits before credits. Record the payment of the cash dividend to the preferred shareholders. Note: Enter debits before credits. 3. Show the overall effect of each transaction on the assets, liabilities, and shareholders' equity of the company. (Use + for increase, for decrease, and NE for no effect.)