I just want to make sure I'm doing the retain earnings statement correctly. Thank you !

Retained Earnings, 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