Requlred Informetion [The following information opples to the questions displdyed below] Nicole has been finsncing Nicole's Getaway Spa (NGS) using equity financing. Currently NGS has authonzed 100,000 nopar preferred shares and 200.00052 par common shares. Outstanding shares include 57000 preferred shares and 47,000 common shares. Recently the following transactions have taken place. a. NGS issuec 1,350 preferred shares for $11 a share. b. NGS repurchases 1,350 common shares for 510 a share c. On November 12, the boord of directors deciares a 5030 cosh olvidend on each outstanding preferred share. d The dividend is pald December 20 Requlred: 1. Prepare the joumal entres needed for each of the tronsactions. (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first occount field.) lournal entry worksheet 2+3=4 Record the isuance of 1,350 thares of preferred stock with no paryalue for a price of $11 per share. Journal entry worksheet Record the issuance of 1,350 shares of preferred stock with no par yalue for a price of $11 per share. Note: Enter debits before credits. Journal entry worksheet 4 Record the purchase of 1,350 previously issued common shares for a price of $10 per share. Note: Enter debits before credits. Journal entry worksheet Record the declaration of a $0.30 cash dividend on the shares of preferred stock outstanding. Note: Enter debits before credits. Journal entry worksheet 1 Record the payment of the cash dividend to the preferred shareholders. Note: Enter debits before credisi