Thanks for your reply, salmonmac!
I'm tryign that out, and somehow I'm still not getting the result. I might need to play around with it a bit. I have never done a project with dropping stitches/picking up stitches from earlier rows, so I think that my hangup just might be with inexperience there.
When you say "knit the stitch and the other 4 loops," how do I knit the loops? the only way I'm able to do that adds stitches to my count, rather than knitting a vertical row up the work.