how is it not $190000 for the cash dividends declared?!?!?!

Common stock-\$10 par value, 120,000 shares authorized, 50,000 shares issued and outstanding paid-in capital in excess of por value, comnon stock Retained earnings Total stockholders * equity $500,00075,000410,000$985,000 During the year, the following transactions affected its stockholders' equity accounts. January 2 Purchased 5,000 shares of its own stock at $23 cash per share. January 5 Directors declared a $2 per share cash dividend payable on february 28 to the february 5 stockholders of record. February 28 paid the dividend declared on January 5. July 6 sold 2,500 of its treasury shares at $27 cash per share. August 22 sold 2,500 of its treasury shares at $19 cash per share. september 5 Ofrectors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. October 28 paid the dividend declared on september 5. December 31 Closed the $250,500 credit balance (from net income) in the Income Summary account to Retained Earnings. Answer is not complete. Prepare the Statement of Retained Earnings for Sacramento Corporation for the year ended December 31