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 47,000 preferred shares and 37,000 common shares. Recently the following transactions have taken place. a. NGS issues 850 preferred shares for $11 a share. b. NGS repurchases 850 common shares for $10 a share. c. On November 12 , the board of directors declares a $0.40 cash dividend on each outstanding preferred share. d. The dividend is paid December 20. equired: 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.)