$[$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 $44,000$ preferred shares and $34,000$ common shares.

Recently the following transactions have taken place.

a$.$ NGS issues $700$ preferred shares for $$11$ a share.

b$.$ NGS repurchases $700$ common shares for $$10$ a share.

c$.$ On November $12,$ the board of directors declares a $$0\mathrm{.}20$ cash dividend on each outstanding preferred share.

d$.$ The dividend is paid December $20.$