I cant figure out why its not 130,400 & appreantly its not retained earnings.

Instructions The declaration, record, and payment dates in connection with a cash dividend of $130,400 on a corporation's common stock are January 12, March 13, and April 12 Journalize the entries required on each date. If no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of account titles Journal Shaded cells have feedback Journalize the entries required on each date. If no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of accoun How does grading work? JOURNAL Score: 37/51 ACCOUNTING EQUATI DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES 1 130,400.00 2 130,400.00 Jan 12 Retained Earnings Cash Dividends Apr. 12 Cash Dividends Payable Cash 3 129,100.00 4 129,100.00