Calculating dividends for retained earnings statement?

I just want to make sure I'm doing the retain earnings statement correctly. Thank you ! Beginning, Novemeber 1, 2007..........1,277,250 Net Income...........................67,200 Less Dividends: Preferred Stock........12,000 Common Stock........47,000....59000 Increased Retained... show more I just want to make sure I'm doing the retain earnings statement correctly. Thank you !

Beginning, Novemeber 1, 2007..........1,277,250
Net Income...........................67,200
Less Dividends:
Preferred Stock........12,000
Common Stock........47,000....59000
Increased Retained Earnings..................8,200
Ending, October 31,2008.................1,285,450


The problem is, I'm not sure if I calculated the dividends correctly because I was given
Dividends:
Cash dividends for common stock. 35,000
Cash dividends for preferred stock. 16,000
Stock dividends for common stock. 12,000
Dividends Payable. 12,750

I added the common stocks together and got 47,000. And I didn't use the dividends payable
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