I'm not sure what I did to get the wrong number.

Required information Problem 834 (Algo) Comprehensive problem-calculate missing amounts, issue price, net income, and dividends; interpret stock dividend and split LO 8-1, 8-2, 8-3, 8-4, 8-6, 8-7 [The following information applies to the questions displayed below.] Bacon Incorporated has the following stockholders' equity section in its May 31,2022 , comparative balance sheets: Problem 8-34 (Algo) Part d 1. During May, dividends on preferred stock equal to one-half of the 2022 dividend requirement were declared and paid. There were to common dividends declared or paid in May. Calculate net income for May. Answer is complete but not entirely correct