The following information applies to the questions displayed below. Nicole has been financing Nicole's Getaway Spa (NGS) uslng equlty financlng. Currently NGS has authorized 100,000 no-par 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 $0.20 cash dividend on each outstanding preferred share d. The dividend is paid December 20. Value: 3.00 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.) transaction list view transa Journal E 1. Record the issuance of 700 shares of preferred stock with no par value for a price of $11 per share. 2 3 4 2. Record the purchase of 700 previously issued common Recor shares for a price of $10 per share. for a 3. Record the declaration of a $0.20 cash dividend on the shares of preferred stock outstanding Transactio 4. Record the payment of the cash dividend to the preferred shareholders its journal entry has been entered