Hi, I'm not sure why I am getting retained earnings wrong. I did the calculation: Retained earnings (end of year) + net income - dividends declared & paid and it's still marking it as wrong.

The following information was extracted from the records of Cascade Company at the end of the fiscal year after all adjusting entries were completed: Common stock ($0.01 par value; 230,000 shares authorized, 55,500 shares issued, 53,500 shares outstanding) Additional paid-in capital Dividends declared and paid during the year Retained earnings at the end of the year Treasury stock at cost (2,000 shares) $ 555 459,000 23,500 315,000 (16,500) Net income for the year was $96,500. The stock price is currently $10 per share. Required: 1. Prepare the stockholders' equity section of the balance sheet at the end of the fiscal year. 2. Compute the dividend yield ratio. Determine the number of shares of stock that received dividends. Prepare the stockholders' equity section of the balance sheet at the end of the fiscal year. (Amounts to be deducted should be indicated with a minus sign.) Cascade Company Balance Sheet (Partial) At December 31, Current Year Stockholders' equity: Contributed capital: Common stock $ 555 Additional paid-in capital 459,000 459,555 Total contributed capital Retained earnings 388,000 Total contributed capital and retained earnings Treasury stock 847,555 (16,500) Total stockholders' equity $ 831,055