[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 no-par preferred shares and 200,000 $2 par common shares. Outstanding shares include 42,000 preferred shares and 32,000 common shares. Recently the following transactions have taken place. a. NGS issues 600 preferred shares for $12 a share. b. NGS repurchases 600 common shares for $11 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. 11. value: Required ir 1.00 points Required: 1. 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.)