The eyelet row happens across all of the sts except the 7 buttonband sts on each side. For the smallest size, that's 41 increases over 197sts. The increases on the sleeves will line up with those on the body because all the increases are on the same row. At this point, the 4 markers have been removed and you don't do the increases on either side of the sleeve.
Good for you for starting your first sweater and a very pretty one, too.