Carlyon Company listed the following equity items on December 31, 2012:
![1077_wjia01h.e16-1-q(1) (1).jpg](https://secure.tutorsglobe.com/CMSImages/1077_wjia01h.e16-1-q(1) (1).jpg)
During 2013, the following transactions occurred:
![398_wjia01h-e16-1-q-2---1-.jpg](https://secure.tutorsglobe.com/CMSImages/398_wjia01h-e16-1-q-2---1-.jpg)
DEC 28 JE Answer Needed:
Debit (Retained EArnings) XXXXXX (Answer Needed)
Credit (Divends Payable Preferred) $4,000 Answered
Credit (Dividends Payable Common) XXXX (Answer Needed) xxxxxxx