{The following intormation 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 58,000 preferred shares and 48,000 common shares. Recently the following transactions have taken place a NGS issues 1,400 preierred shares for $13 a share. b. NGS repurchases 1,400 common shares for $12 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. CC11-1 Part 3 3. Show the overall effect of each transaction on the assets, liabilities, and shareholders' equity of the company (Use for increase, - for decrease, and NE for no effect.) Balance Sheet Transaction Liabilities Stockholders' Equity